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    Property profile & analytics
    OFF-MARKET
    Retail space

    1404 Imlay City Rd, Lapeer, MI 48446-3114

    6,554 SF 0.42 ac lot Built 1960
    Individually Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-4374752
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 1404 Imlay City Rd in Lapeer, Michigan, 48446, presents a unique investment opportunity. Priced at $850,000, this nearly 8,000 square foot building boasts a highly desirable location just minutes from downtown Lapeer, ensuring excellent visibility and accessibility. Situated on busy Imlay City Road, the property benefits from significant traffic exposure, ideal for a variety of commercial uses. The building itself is incredibly versatile, featuring high ceilings, ample storage space, and three overhead doors, making it suitable for a wide range of businesses. Recent upgrades significantly enhance its value and functionality. These include a new roof, furnace, well, and septic system, all installed within the last few years. The property also benefits from three-phase power, a valuable asset for many commercial operations. This property is ready for immediate occupancy and presents a compelling opportunity for a savvy investor seeking a well-maintained, strategically located commercial building with significant potential. The property is classified as Special Purpose Land and is zoned for commercial use.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1960
    Total area 6,554 SF
    Lot 0.42 ac (18,469 SF)
    Zoning code I1 INDU
    APN L21-29-960-040-00
    UPID US43-4374752
    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
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    Owner & transaction history
    Scott Schalau · 1 yrs held
    Scott Schalau
    since 2024
    3 recorded transactions
    2024
    2020
    $200,000
    1969
    Zoning & alternative use
    I1 INDU · Lapeer, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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