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    Property profile & analytics
    FOR SALE
    Commercial real estate

    3420 S Lapeer Rd, Metamora, MI 48455

    10.95 ac lot Built 2006
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US43-4349988
    Property summary
    AI-generated overview

    This exceptional 15,000-square-foot auto shop, built in 2024, presents a lucrative investment opportunity in Metamora Township, Michigan. Situated on a substantial 10.95-acre lot, the property boasts over 500 feet of frontage on M-24 and an additional 400+ feet of frontage on Pratt Road, ensuring high visibility and accessibility. The building itself comprises a 9,000-square-foot service area and a 6,000-square-foot showroom, providing ample space for a variety of automotive businesses. The property is zoned for commercial use and offers convenient access to I-69, enhancing its strategic location. The asking price is $3,300,000. This property is far from reaching its full potential. Lease terms are also available for qualified tenants, offering flexibility for potential investors. The property's address is 3420 S Lapeer Road, Metamora Twp, MI 48455, with APN 01500503000. This is a standard (private) ownership opportunity. Don't miss this chance to acquire a high-profile commercial property in a rapidly growing area.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2006
    Lot 10.95 ac (477,026 SF)
    Zoning code B-2
    APN 015-005-030-00
    UPID US43-4349988
    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
    Current use
    Occupant on record · Public records
    • Newcombs Auto Service Auto Repair Shop
    • Newcomb’s North Car Dealership
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Newcombs North Property INC · 3 yrs held
    Newcombs North Property INC
    since 2023
    Last sale
    $400,000
    2 recorded transactions
    2023
    2022
    $400,000
    Zoning & alternative use
    B-2 · Metamora, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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