00 Lapeer Rd Ionia, MI 48846
This exceptional commercial property, located at 00 Lapeer Road in Lapeer, Michigan (zip code 48846), presents a unique investment opportunity. Priced at $29,900, this C-2 zoned lot boasts significant frontage: approximately 256 feet on M-24 and an additional 114 feet on Davis Lake Road. The property sits at a highly visible, lighted intersection with a daily traffic count of nearly 23,000 vehicles, ensuring maximum exposure for any commercial venture. Its size and location make it suitable for a variety of commercial or office uses. However, potential buyers should note some use restrictions. Financial services (banks, securities, insurance, lending, mortgages, etc.), adult entertainment establishments (strip clubs, massage parlors), and cannabis-related businesses are prohibited. A full list of restrictions is available upon request. Special approval is required for gas stations. Despite these limitations, the property offers considerable potential given the permitted uses within the OS-1, C-1, and C-2 zoning districts. This is a rare chance to acquire a commercially zoned lot in a high-traffic area at an exceptionally affordable price. Coordinates: Latitude 43.0095074, Longitude -85.0441304.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.