3420 Lapeer RdMetamora, MI 48455

  • Other commercial real estate
  • 10.95 AC
For Sale
$3,300,000 View listing

Property Details for 3420 Lapeer Rd

Year built
2006
Lot size
10.95 AC
Zone code
B-2
Property type
Other commercial real estate
APN
015-005-030-00
APU
1500503000

Description

This exceptional 15,000-square-foot auto shop, built in 2024, presents a lucrative investment opportunity in Metamora Township, Michigan. Situated on a substantial 10.95-acre lot, the property boasts over 500 feet of frontage on M-24 and an additional 400+ feet of frontage on Pratt Road, ensuring high visibility and accessibility. The building itself comprises a 9,000-square-foot service area and a 6,000-square-foot showroom, providing ample space for a variety of automotive businesses. The property is zoned for commercial use and offers convenient access to I-69, enhancing its strategic location. The asking price is $3,300,000. This property is far from reaching its full potential. Lease terms are also available for qualified tenants, offering flexibility for potential investors. The property's address is 3420 S Lapeer Road, Metamora Twp, MI 48455, with APN 01500503000. This is a standard (private) ownership opportunity. Don't miss this chance to acquire a high-profile commercial property in a rapidly growing area.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $93,470,552
    Hospitality
    $85,618,520
    Educational
    $71,233,608
    Medical
    $73,683,440
    Retail
    $110,807,832
3420 Lapeer Rd, Metamora, Michigan
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Location Insight

City
Metamora
County
Lapeer
State
Michigan
Latitude
42.957
Longitude
-83.3154
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,937
-
-
$588,800
-
-
-
$1,177,600

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