Technical
Financial
Distress signals
Property profile

15 Elba Rd Lapeer, MI 48446

OFF-MARKET
Office buildings
Property ID
US43-4326291
7,280 SF 3.79 ac lot
Entity Owned 8-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 3.88-acre commercial property in Lapeer, Michigan, presents a unique investment opportunity. Situated on a high-traffic corner with a traffic light, the property boasts excellent visibility and accessibility. The C1 zoning allows for diverse commercial uses. The property includes three separate buildings totaling approximately 10,000 square feet. This includes a 7,000 square foot main building, a 6,000 square foot pool hall/bar, and a 24x30 pole barn. The main buildings are connected to city sewer, and a shared 5-inch well services the property. The buildings are in excellent condition, featuring numerous recent updates. The property's strategic location is further enhanced by its proximity to Choice One Bank, a CMS Gas Station, and a Dollar General. The high traffic count ensures significant exposure for any business operating on the site. The property's size and configuration offer potential for division, subject to township approval. Additionally, 1,000 square feet of office space is available for lease at $1,400 per month. This versatile property is ideal for a variety of commercial ventures, offering a compelling combination of location, size, and existing infrastructure.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Total area 7,280 SF
Lot 3.79 ac (164,962 SF)
Zoning code C1
APN 008-008-031-02
UPID US43-4326291

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

15 Elba Rd Lapeer, MI 48446-2794
Lapeer metro Census 336000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$130k

Owner & transaction history

since 2018
2 recorded transactions
2022
Price N/A
2018
Price N/A

Zoning & alternative use

C1 · 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 15 Elba Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message