5431 Davison RdLapeer, MI 48446

Property Details for 5431 Davison Rd

Year built

1965

Lot size

1.31 AC

Property size (Sq ft)

4,816 SF

Zone code

C1

Property type

Retail properties

Property subtype

Retail space

APN

008-008-034-00

APU

800803400

Description

This exceptional 4,816 square foot industrial property located at 5431 Davison, Lapeer, MI, presents a lucrative investment opportunity. Situated on a 1.31-acre lot, the building currently operates as a thriving automotive repair shop, boasting a spacious 2,600 square foot drive-through work area. The main level also includes a well-appointed 1,200 square foot office and reception area, complete with two bathrooms. This area is currently leased for $1,840 per month. Adding to the property's income stream is a second-floor, two-bedroom, one-bathroom apartment spanning approximately 1,000 square feet, which generates a monthly rental income of $970. Both tenants express a strong desire to remain in the building, ensuring immediate and consistent cash flow for the new owner. The property utilizes a private well for water and is connected to public sewer. This turnkey operation offers a blend of commercial and residential income, making it an attractive investment with significant potential for future growth and returns. The asking price for this exceptional property is $334,900. Don't miss this chance to acquire a high-performing asset in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,211,928

  6.5%

  $1,118,703

  7%

  $1,038,796

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,135,231

  Geo Method

  $1,135,231

• Alternative Use

  Use

  Valuation

  Residential

  $943,668

  Hospitality

  $864,395

  Educational

  $719,166

  Medical

  $743,900

  Retail

  $1,118,703

Location Insight

City

Lapeer

County

Lapeer

State

Michigan

Latitude

43.0412

Longitude

-83.4377

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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