1446 Imlay City Rd Lapeer, MI 48446
This 25,000-square-foot commercial building in Lapeer, Michigan (48446), offers a unique opportunity for diverse businesses. Built in 1960 and renovated the same year, the property features a single tenancy with 4,910 square feet currently vacant. The building boasts prime I-1 industrial zoning, ensuring flexibility for various uses. Its strategic location on Imlay City Road provides high visibility, with a daily traffic count of 11,766 vehicles. The property includes a spacious parking lot, adding to its convenience and appeal. Previously utilized as a machine shop, this versatile space is well-suited for a range of applications, including mini-warehouses, storage facilities, trade or industrial schools, automotive service centers, and research and development operations. Permitted uses also encompass offices supporting industrial functions, manufacturing, packaging, and processing of goods such as bakery items, cosmetics, pharmaceuticals, and food products. Its location near major retailers like Walmart, Huntington Bank, McDonald's, Tractor Supply Co., and Budget Tire Center offers excellent accessibility and exposure to a substantial customer base. This property presents a compelling investment opportunity within an Opportunity Zone, promising significant potential for growth and return. The building's substantial size and adaptable zoning make it an ideal choice for businesses seeking a prominent and functional space in a thriving commercial area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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.