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Property profile & analytics
OFF-MARKET
Land

00 Lapeer Rd Ionia, MI 48846

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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