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    455 Main St Lapeer, MI 48446

    Sponsored
    For Sale
    $549,900

    Prime Lapeer location, versatile commercial building.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 455 & 457 S Main Street in Lapeer, Michigan, presents a lucrative investment opportunity. Priced at $549,900, this 0.5-acre lot (approximately 20,720 square feet) offers significant potential for a variety of commercial ventures. The existing 1,844 square foot building currently houses a law firm, showcasing its suitability for office spaces, including real estate, mortgage companies, or similar businesses. The property boasts 74 feet of frontage on S. Main Street, ensuring high visibility and accessibility. Its rectangular shape (approximately 74 x 290 feet) and ample parking add to its appeal. Zoned as C Commercial District (B2 General), the property allows for diverse commercial developments, including retail, restaurants (both drive-thru and dine-in), or office spaces. Municipal utilities, including electricity, telephone, and natural gas, are readily available. Two conceptual plans are available online, further illustrating the property's development potential. This prime location in the heart of Lapeer, combined with its versatile features and zoning, makes this a truly exceptional opportunity. The property includes two parcels of land.

    Property Features for 455 Main St

    General Information

    Property type
    Land
    Lot Size
    21,780 SF

    HighLights

    • $549,900 asking price for a 0.5‑acre commercial lot in Lapeer, MI.
    • 1,844 sq ft building currently occupied by a law firm, suitable for various office uses.
    • 74 ft of frontage on S. Main Street, offering high visibility.
    • Rectangular lot (approx. 74 x 290 ft) with ample parking.
    • C Commercial District (B2 General) zoning allows for diverse commercial uses, including retail and restaurants.
    • Municipal utilities readily available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lapeer
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.3188332
    Latitude
    43.0460313

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    FAQs

    What type of property is this?
    Land - Prime Lapeer location, versatile commercial building.
    Where is this land located?
    The property is located at 455 Main St Lapeer, MI.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: $549,900 asking price for a 0.5-acre commercial lot in Lapeer, MI.; 1,844 sq ft building currently occupied by a law firm, suitable for various office uses.; 74 ft of frontage on S. Main Street, offering high visibility.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    455 Main St Lapeer, MI 48446
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