1404 Imlay City Rd, Lapeer, MI 48446-3114
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I1 INDU · Lapeer, MILapeer. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.