116 Genesee St, Lapeer, MI 48446-2225
This exceptional 0.2-acre commercial land parcel in Lapeer, Michigan, presents a prime redevelopment opportunity. Located at 116 W Genesee Street, this property boasts approximately 280 feet of commercial frontage on a high-traffic thoroughfare. The parcel is zoned for commercial use (APN: L20-38-200-040-00) and is part of a larger portfolio, making it ideal for investors seeking a strategic addition to their holdings. The property's location within a rapidly growing area, alongside established national brands such as Walmart, Tractor Supply, Dollar General, and McDonald's, ensures strong potential for future growth and profitability. An adjacent parcel at 127 Pope Street is included, offering a valuable commercial service drive between Pope Street and W. Genesee Street, enhancing the property's overall utility and appeal. This versatile land is suitable for a variety of commercial uses, including but not limited to auto shops, convenience stores, and gas stations, making it an attractive investment for developers and entrepreneurs alike. The property's strategic location and significant frontage make it a compelling opportunity to capitalize on the thriving Lapeer commercial market. This is a rare chance to acquire a well-positioned parcel ready for immediate development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2 GEN · Lapeer, MILapeer. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.