1040 Lapeer Rd Lapeer, MI 48446
- Commercial real estate
- 1,650 SF
- 3.99 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1040 Lapeer Rd
- Year built
- 1940
- Lot size
- 3.99 lot acres
- Property size
- 1,650 SF
- Zone code
- B2 GEN
- Property type
- Commercial real estate
- APN
- L21-39-831-032-00
- APU
- L213983103200
Description
This exceptional 1.5-acre commercial land parcel presents a unique development opportunity in a thriving Lapeer County location. Situated along busy Lapeer Road, just north of I-69, this site benefits from high visibility and exceptional traffic counts. The property is zoned B-2 General Commercial, allowing for a wide range of development possibilities. An adjacent pad site to a Popeye's Chicken (opening Q4 2024) ensures immediate brand synergy and increased foot traffic. The site offers the potential for a drive-thru, catering to the convenience-oriented consumer base. This is an ideal location for businesses seeking high exposure and easy access to a major interstate. The lot size allows for the construction of a building up to 2,400 square feet. This prime location offers significant potential for growth and return on investment in a rapidly developing community. The property's strategic placement near I-69 provides unparalleled accessibility for both employees and customers. This is a rare opportunity to establish a presence in a high-traffic area with strong future prospects. The existing zoning allows for a variety of commercial and industrial uses, making it suitable for a diverse range of businesses. Don't miss this chance to secure a prominent location in a burgeoning market. The total acreage available is between 1.5 and 8.34 acres, offering flexibility for development plans.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,075,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,095,000
- 6.5%
- $1,210,000
- 7%
- $1,155,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,130,000
- Geo Method
- $1,225,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,075,000
- Retail
- $1,155,000
- Mixed-Use
- $1,190,000
- Hospitality
- $1,320,000
- Educational
- $1,315,000
- Residential Income
- $1,265,000
- Energy
- $1,445,000
- Income-Based Land
- $1,445,000
- Food Service
- $1,170,000
Location Insight
- Map
- Local Demand
- City
- Lapeer
- County
- Lapeer
- State
- Michigan
- Longitude
- -83.3243
- Latitude
- 43.0353
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
