324 Nepessing St, Lapeer, MI 48446-2149
This exceptional storefront property, located at 324 W Nepessing St in Lapeer, Michigan, presents a fantastic investment opportunity. Boasting 1,830 square feet of space, this commercially zoned building is priced at $219,900, translating to $120.16 per square foot. Constructed in 1960, the building currently features a soundproofed recording studio layout, but its free-span interior offers immense flexibility for a variety of commercial uses. The property's prime location in the heart of downtown Lapeer provides unparalleled access to a vibrant and bustling environment. Surrounded by popular restaurants, shops, and frequent events, this location ensures high visibility and foot traffic, ideal for a thriving business. The property is situated in Lapeer County, Michigan, with the zip code 48446. This is a rare chance to acquire a well-positioned commercial space in a thriving downtown area, ready for your business vision. The property's commercial zoning ensures a wide range of potential uses, making it an attractive investment for entrepreneurs and business owners alike. Don't miss this chance to establish your business in the heart of Lapeer.
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
CBD1 CEN BUS · 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.