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    OFF-MARKET
    Retail space

    324 Nepessing St, Lapeer, MI 48446-2149

    1,830 SF 0.05 ac lot Built 1960
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US43-4374702
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1960
    Total area 1,830 SF
    Lot 0.05 ac (2,265 SF)
    Zoning code CBD1 CEN BUS
    APN L20-09-600-040-00
    UPID US43-4374702
    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
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Worden Holdings LLC · 2 yrs held
    Worden Holdings LLC
    since 2024
    Last sale
    $150,000
    1 recorded transaction
    2024
    $150,000
    Zoning & alternative use
    CBD1 CEN BUS · Lapeer, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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