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    OFF-MARKET
    Land

    0 Lake Nepessing Rd, Lapeer, MI 48446

    5.81 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 5.81-acre commercial development site, located at 0 Lake Nepessing Road in Elba Township, Lapeer County, Michigan (48446), presents a unique investment opportunity. The property, identified by APN 008-011-001-00, is zoned C-2 Commercial, allowing for a variety of potential uses. The expansive lot offers significant development potential for businesses seeking a prominent location in a growing area. While the property includes approximately 1.5 acres of wetlands, the remaining acreage provides ample space for construction. Access to an existing community septic field is a significant advantage, simplifying infrastructure development. The asking price for this strategically located parcel is $55,000. This land is ideal for office or retail development, offering excellent visibility and accessibility. Serious inquiries are encouraged to explore the possibilities of this valuable commercial property. The property's coordinates are 43.03840589141297 latitude and -83.36181611065045 longitude.

    Property profile
    Verified
    Property type Land
    Lot 5.81 ac (253,084 SF)
    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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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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