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Property profile & analytics
OFF-MARKET Estimated value $10,015,000
Outlet malls

1555 Demille Rd Lapeer, MI 48446-4149

206,957 SF 31.13 ac lot Built 1994
Entity Owned 14-yr Hold Absentee Owner Free & Clear
Property ID
US43-4380708
Property summary
AI-generated overview

This exceptional retail opportunity is located within a high-traffic Meijer store in Lapeer, Michigan, offering 1,027 square feet of prime, front-of-store space. The space boasts unparalleled visibility and access to thousands of weekly customers, leveraging Meijer's established shopper base. This "Store-Within-A-Store" concept provides a range of benefits, including a strategic location for maximum customer interaction and an all-inclusive monthly fee covering real estate taxes, property insurance, CAM, and utilities. Branding opportunities are available, both inside and outside the store, enhancing exposure. The property is situated in a thriving trade area with a desirable customer base. This location is ideal for various businesses, including financial institutions, food and beverage vendors, service businesses, and health and wellness providers. The property is located at 1555 Demille Rd, Lapeer, MI 48446, in Lapeer County. The space is currently vacant and ready for immediate occupancy. This is a unique opportunity to establish your business within one of the Midwest's most recognizable retail destinations.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1994
Total area 206,957 SF
Lot 31.13 ac (1,356,023 SF)
Zoning code B3 REG
APN L20-94-701-030-00
UPID US43-4380708
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.01M
Blend (final) Blend
$10.02M
Owner & transaction history
Blind Fish R & E Holding LLC · 14 yrs held
Blind Fish R & E Holding LLC
since 2012
1 recorded transaction
2012
Price N/A
Zoning & alternative use
B3 REG · Lapeer, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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