138 Genesee St, Lapeer, MI 48446-2225
This exceptional 0.15-acre commercial land parcel, located at 138 W Genesee St in Lapeer, Michigan (APN 0-38-500-040-00), presents a remarkable redevelopment opportunity. Zoned for commercial use, this property boasts approximately 280 feet of frontage on the heavily trafficked W Genesee Street, ensuring high visibility and accessibility for any business. The land is priced at $450,000 per square foot. The thriving Lapeer area is experiencing significant growth, with established national brands like Walmart, Tractor Supply, Dollar General, and McDonald's already present. This strategic location offers immediate access to a robust consumer base. An adjacent parcel at 127 Pope St is included in the sale, providing a valuable commercial service drive between Pope St and W. Genesee St, enhancing the overall utility and potential of the property. This parcel is part of a larger portfolio and is ready for immediate development, making it an ideal investment for entrepreneurs and developers seeking a prime location in a rapidly growing market. The property's location in Lapeer County, Michigan, zip code 48446 (latitude 43.0511513, longitude -83.3070831), offers easy access to major transportation routes and amenities. This is a rare opportunity to acquire a highly desirable commercial land parcel in a thriving Michigan community.
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.