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Property profile & analytics

138 Genesee St Lapeer, MI 48446-2225

  • Office buildings
  • 240 SF
  • 0.14 lot acres
OFF-MARKET
Value Estimation
$410,000
Last Sale
Apr 24, 2025
$450,000
Location Intelligence
Property ID
US43-4374346
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Office buildings

Property Details for 138 Genesee St

Year built
1940
Lot size
0.14 lot acres
Property size
240 SF
Zone code
B2 GEN
Property type
Office buildings
APN
L20-38-500-040-00
APU
L203850004000

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $405,000
  • CAP approach

    CAP return
    Estimation
    6%
    $415,000
    6.5%
    $415,000
    7%
    $435,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $420,000
    Geo Method
    $370,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $420,000
    Retail
    $465,000
    Mixed-Use
    $375,000
    Hospitality
    $385,000
    Educational
    $375,000
    Residential Income
    $430,000
    Energy
    $400,000
    Income-Based Land
    $400,000
    Food Service
    $445,000

Location Insight

  • Map
  • Local Demand
City
Lapeer
County
Lapeer
State
Michigan
Longitude
-83.3072
Latitude
43.0511
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
$1,516
$0.00
$0.00
$34,500
-
$0.00
$0.00
$69,000
More about this property
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