1029 Baldwin Rd Lapeer, MI 48446
- Commercial real estate
- 1.35 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1029 Baldwin Rd
- Lot size
- 1.35 lot acres
- Property type
- Commercial real estate
- APN
- L21-39-831-032-20
Description
This 1.35-acre commercial land parcel, located at 1029 South Baldwin Road in Lapeer, Michigan (APN: L21-39-831-032-20), presents a unique investment opportunity. Currently zoned residential, the property includes an existing house generating $800 monthly rental income. Its strategic location offers significant advantages. Situated just one lot from Lapeer Road and adjacent to a busy Belle Tire store (with a curb cut on Baldwin Road), the property benefits from high visibility and traffic flow. Furthermore, its proximity to a Taco Bell (also with a Baldwin Road curb cut) ensures substantial foot and vehicle traffic. City water and sewer services are readily available at the roadside. The asking price for this prime commercial land is $329,000. The property's master-planned B-1 zoning designation suggests potential for future development, making it an attractive prospect for investors seeking a blend of immediate rental income and long-term growth potential in a bustling commercial area of Lapeer, MI (zip code 48446). This presents a rare chance to acquire a well-positioned property with existing income and significant upside.
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
- -83.3252661
- Latitude
- 43.0347718
