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    OFF-MARKET
    Government properties

    1675 Lapeer Rd, Lapeer, MI 48446-7734

    0.92 ac lot Built 1974
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US43-4355908
    Property summary
    AI-generated overview

    This 4,852 square foot office building in Lapeer, Michigan, is situated on a prominent 3.86-acre corner lot with a traffic light, offering excellent visibility and accessibility from N. Lapeer Rd. and Davis Lake Rd. Currently housing Security Credit Union (on a temporary leaseback while their new building is constructed), this well-maintained property boasts an open floor plan with several offices, a breakroom, and a conference room. The building features an updated HVAC system, updated electrical, an alarm system, and oversized windows providing ample natural light. Its versatile design makes it suitable for various uses, including office, medical, and financial institutions. The location is highly desirable, being just one mile from McLaren Hospital and the medical district, and conveniently near I-69, hotels, shopping, and restaurants. The asking price is $875,000, translating to $180.34 per square foot. The property is zoned commercial and offers significant potential for a variety of businesses. The seller is offering a leaseback during the construction of their new facility.

    Property profile
    Verified
    Property type Government properties
    Use group CENTRALLY ASSESSED
    Year built 1974
    Lot 0.92 ac (39,988 SF)
    Zoning code C-1
    APN 014-200-008-00
    UPID US43-4355908
    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
    Shoreline Real Estate Management Ll · 1 yrs held
    Shoreline Real Estate Management Ll
    since 2025
    1 recorded transaction
    2025
    $675,000
    Zoning & alternative use
    C-1 · Lapeer, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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