Property profile

138 Genesee St Lapeer, MI 48446

OFF-MARKET
Office buildings
Property ID
US43-4374346
240 SF 0.14 ac lot Built 1940
Individually Owned 1-yr Hold Absentee Owner Free & Clear
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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

Location

138 Genesee St Lapeer, MI 48446-2225
Lapeer metro Census 337500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$405k

Owner & transaction history

since 2025
Last sale
$450,000
1 recorded transaction
2025
$450,000

Zoning & alternative use

B2 GEN · Lapeer, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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