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    OFF-MARKET
    Turn key restaurants

    4 Nepessing St, Lapeer, MI 48446-2312

    5,900 SF 0.22 ac lot Built 1925
    Entity Owned Free & Clear
    Property ID
    US43-4327104
    Property summary
    AI-generated overview

    This exceptional 0.43-acre commercial land parcel, located at 4 E Nepessing in Lapeer, Michigan, presents a unique investment opportunity. The property boasts a 5,900 square foot building, previously utilized as a restaurant and bar, featuring a recently remodeled kitchen area, ready for immediate occupancy. The building is configured as a single-tenant space, offering flexibility for a variety of commercial uses. Its convenient location offers ample street parking, ideal for quick curbside pickup, and is within walking distance of downtown Lapeer. The property benefits from the presence of neighboring businesses, including a professional tax service and another restaurant, creating a synergistic commercial environment. The ample open space within the building provides significant adaptability for various business needs. City parking is conveniently located across the street, providing additional parking options for customers and employees. This property is situated in Lapeer County, Michigan, with a zip code of 48446. The property's address is 4 E Nepessing, Lapeer, MI. The building is a single-tenant structure, offering a unique opportunity for a business seeking a well-located, established space. The previous use as a restaurant and bar suggests potential for similar ventures, but the adaptable layout allows for a wide range of commercial applications. The recently updated kitchen is a significant asset for food-related businesses.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1925
    Total area 5,900 SF
    Lot 0.22 ac (9,583 SF)
    Zoning code B2 GEN
    APN L20-19-100-040-00
    UPID US43-4327104
    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
    Nepessing Commercial LLC
    Nepessing Commercial LLC
    since 2025
    2 recorded transactions
    2025
    $230,000
    2025
    $215,000
    Zoning & alternative use
    B2 GEN · Lapeer, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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