331 Demille Rd Lapeer, MI 48446
- Land
- 5.38 lot acres
Current Use by Public Records
- Land
Property Details for 331 Demille Rd
- Lot size
- 5.38 lot acres
- Property type
- Land
Description
This exceptional offering presents two parcels of commercially-zoned land in Lapeer, Michigan, ideal for various light industrial uses. Located at 331 Demille Rd, Lapeer County, MI 48446 (43.038116, -83.3085506), this property provides flexibility for developers and investors. Parcel B1 encompasses 5.378 acres, while Parcel B2 offers 6.778 acres. Both parcels are zoned for light industrial use and benefit from the availability of all necessary utilities. A unique feature of Parcel B1 is a long-term ground lease on a small southeastern portion, generating a current annual income of $18,000, subject to a 4% annual increase. This presents an attractive passive income stream alongside the potential for development on the remaining land. The parcels can be purchased individually, with each priced at $550,000, or acquired together for a combined price of $1,000,000, totaling 12.156 acres. This presents a compelling opportunity to capitalize on the growing industrial sector in Lapeer, Michigan. The property's strategic location and versatile zoning make it an attractive investment for businesses seeking expansion or new development opportunities.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lapeer
- County
- Lapeer
- State
- Michigan
- Longitude
- -83.3085
- Latitude
- 43.0381
