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0 Lapeer Rd Lapeer, MI 48421

OFF-MARKET Land Google Maps
7.97 ac lot
Estimated value
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Property ID

Property summary

AI-generated overview

This exceptional 7.97-acre commercial land parcel presents a remarkable investment opportunity in Lapeer County, Michigan. Located on N Lapeer Road in Columbiaville, this property boasts an impressive 539 feet of frontage on M-24, a major thoroughfare with an estimated daily traffic count of 13,000 vehicles. The property's strategic location offers unparalleled visibility and accessibility, making it ideal for a wide range of commercial ventures. The permitted zoning is Commercial, allowing for diverse development possibilities. The parcel's size provides ample space for construction and expansion. Nearby businesses include a storage facility, Dollar General, and an ice cream shop, indicating a thriving commercial environment. The property's APN is 006-020-001-32. The asking price is $80,000. The land is privately owned. While the lease expiration date is listed as October 18, 2024, the remaining lease term is zero years, indicating the property is available for immediate development or sale. This is a rare opportunity to acquire a significant commercial land holding in a high-traffic area with excellent visibility and potential for substantial return on investment. The property's location in Lapeer County, Michigan, offers easy access to regional transportation networks and a growing community. Don't miss this chance to secure this prime commercial real estate.

Property profile

Verified
Property type Land
Lot 7.97 ac (347,173 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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