138 Genesee St Lapeer, MI 48446-2225
- Office buildings
- 240 SF
- 0.14 lot acres
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
-
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