Property summary
This exceptional 11,136 square foot industrial property, situated on 1.5 acres at 4053 S Lapeer in Metamora, MI, presents a lucrative investment opportunity. Currently operating as a bustling strip mall with eight individual units, this property boasts a prime location on M-24 Lapeer Road, ensuring high visibility and significant foot traffic. The ample 63-space parking lot provides convenient access for customers and employees. Excellent signage opportunities further enhance the property's appeal to potential tenants. The commercial zoning allows for a diverse range of businesses, including restaurants (both sit-down and takeout), pizza establishments, and various service-oriented enterprises. Currently, two units are available for lease. The property's strong performance is evidenced by its existing tenant occupancy, details of which are available upon request. This is an ideal investment for those seeking a well-established, high-traffic commercial property with significant growth potential. The asking price is $1,500,000. Serious inquiries only.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
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Car Dealership
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(Bike/Boat/Book/etc) Store
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(Bike/Boat/Book/etc) Store
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Dental Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Metamora, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-2 in Metamora, MI.
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Find the owner behind the property.
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