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    Property profile & analytics
    OFF-MARKET
    Office buildings

    138 Genesee St, Lapeer, MI 48446-2225

    240 SF 0.14 ac lot Built 1940
    Individually Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-4374346
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1940
    Total area 240 SF
    Lot 0.14 ac (6,229 SF)
    Zoning code B2 GEN
    APN L20-38-500-040-00
    UPID US43-4374346
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Golden H Spurlock · 1 yrs held
    Golden H Spurlock
    since 2025
    Last sale
    $450,000
    1 recorded transaction
    2025
    $450,000
    Zoning & alternative use
    B2 GEN · Lapeer, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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