$310,000 2,880 SF

525 N Saginaw St, Lapeer, MI 48446
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The property is a 3,000-square-foot storefront building on a 0.22-acre corner parcel in downtown Lapeer, Michigan, located at 525 N Saginaw Street. Built in 1940, it features an adaptable interior layout with two restrooms and utilities that include broadband service and forced-air heating, and it has natural gas available. The site includes private on-site parking for 11 vehicles. A shared driveway provides access to a rear loading area, supporting separate entry for receiving and service activity.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?

$4k

Tax billed · 2023

Assessed value · 2024$95k

Effective rate4.05%

Value estimate

· Nov 2026

$185k

$167k – $204k

NOI build-up

Gross scheduled income$384

Vacancy & credit loss−$68

Operating expenses−$94

NOI$221

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$102/SF

ZIP average, outlier-cleaned · 24 recorded sales of this use type

Observed band · Q1–Q3$64 – $159

Cap rate analysis

How does the asset earn?

$221 estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

B2 GEN

JurisdictionLAPEER

Location intelligence

Which uses thrive at this corner?

Best fit: Parking Facility

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Parking Facility9.3

Tailor Shop9.1

Electrical Service8.7

525 N Saginaw St Lapeer, MI 48446

County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby

Address Sale price Sold Size

520 Imlay City, Lapeer, MI 48446-3178 $285,000 Jun 2025 3,070 SF

374 Nepessing, Lapeer, MI 48446-2161 $70,000 Oct 2023 2,588 SF

1101 Lapeer, Lapeer, MI 48446-3039 $559,000 Apr 2022 2,621 SF

962 Main, Lapeer, MI 48446-2492 $195,000 Dec 2021 2,716 SF

2401 Genesee, Lapeer, MI 48446-1779 $295,000 Mar 2021 3,400 SF

385 Nepessing, Lapeer, MI 48446-2105 $90,000 Nov 2020 2,800 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$185,000

2,880 SF

415 Nepessing St

OFFICE BUILDING

415 Nepessing St, Lapeer, MI 48446-2106

View Details
Value Estimation
$115,000

2,588 SF

374 Nepessing St

OFFICE BUILDING

374 Nepessing St, Lapeer, MI 48446-2161

View Details
Value Estimation
$215,000

2,096 SF

2222 Lapeer Rd

OFFICE BUILDING

2222 Lapeer Rd, Lapeer, MI 48446-8619

View Details
Value Estimation
$280,000

4,240 SF

448 County Ctr St

OFFICE BUILDING

448 County Ctr St, Lapeer, MI 48446-2578

View Details
Value Estimation by Request
1,944 SF

39 Genesee St

OFFICE BUILDING

39 Genesee St, Lapeer, MI 48446-2224

View Details
Value Estimation
$345,000

4,318 SF

1112 Lapeer Rd

OFFICE BUILDING

1112 Lapeer Rd, Lapeer, MI 48446-3395

View Details

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525 N Saginaw St Lapeer, MI 48446

Property summary