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Property profile

4 Nepessing St Lapeer, MI 48446

OFF-MARKET
Turn key restaurants
Property ID
US43-4327104
5,900 SF 0.22 ac lot Built 1925
Entity Owned Free & Clear
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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

Location

4 Nepessing St Lapeer, MI 48446-2312
Lapeer metro Census 337500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$240k

Owner & transaction history

since 2025
2 recorded transactions
2025
$230,000
2025
$215,000

Zoning & alternative use

B2 GEN · Lapeer, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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