2025 Lapeer Rd Lapeer, MI 48446-8628
- Office buildings
- 19,344 SF
- 1.97 lot acres
Current Use by Public Records
- Office buildings
Property Details for 2025 Lapeer Rd
- Year built
- 1960
- Lot size
- 1.97 lot acres
- Property size
- 19,344 SF
- Zone code
- M-1
- Property type
- Office buildings
- APN
- 014-020-036-00
- APU
- 1402003600
Description
This exceptional 19,344 square foot industrial property, situated on a sizable 3.5-acre lot in Lapeer, Michigan, presents a compelling investment opportunity. Ideally located on M-24, boasting over 15,000 vehicles passing daily, and conveniently situated 4.4 miles from I-69, this property offers unparalleled accessibility and visibility. The building features four distinct bays, each designed for optimal functionality. Bay 1, measuring 58ft x 102ft (5916 sq ft), includes a front door, office space, 15ft ceilings, and a 14ft garage door. Bay 2 (30ft x 102ft, 3036 sq ft) offers office space above, 15ft ceilings, and a 12ft door. Bay 3 (30ft x 156ft, 4680 sq ft) provides a wide-open space with 15ft ceilings and a 12ft door. Finally, Bay 4 (90ft x 54ft, 4860 sq ft) features 12ft ceilings and a 10ft door. The property is currently partially tenanted, with the existing tenant expressing a desire to remain. The property is zoned industrial, providing ample room for expansion and diverse business applications. 480-volt power is available. This turnkey operation is priced at $1,399,900 and offers significant potential for immediate income and future growth. Don't miss this chance to acquire a high-demand industrial property in a thriving location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $200,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $175,000
- 6.5%
- $175,000
- 7%
- $170,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $195,000
- Geo Method
- $195,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $190,000
- Retail
- $155,000
- Mixed-Use
- $175,000
- Hospitality
- $180,000
- Educational
- $150,000
- Residential Income
- $190,000
- Energy
- $190,000
- Income-Based Land
- $195,000
- Food Service
- $165,000
Location Insight
- Map
- Local Demand
- City
- Lapeer
- County
- Lapeer
- State
- Michigan
- Longitude
- -83.3088
- Latitude
- 43.0881
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA