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    Property profile & analytics
    OFF-MARKET
    Flex space

    4500 Lapeer Rd, Columbiaville, MI 48421-9778

    4,403 SF 0.89 ac lot Built 1980
    Individually Owned 11-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-4327478
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 4500 N Lapeer Rd, Columbiaville, MI 48421, offers 4,403 square feet of versatile space on a 2.23-acre lot (APN: 00602802700). Built in 1970 and renovated in 1999, the single-story building boasts multiple offices suitable for administrative and operational needs. The property features robust electrical infrastructure, including 1,600 amps of 3-phase power (408/277v) with three transformers. Climate control is ensured by six 5-ton AC units and a 27,000 BTU ductless heat pump, supplemented by a two-zone wall-mounted heater. Practical amenities include a 1,000-gallon water reservoir, natural gas, and a 12-foot roll-up door. Recent improvements include a new metal 29-gauge roof and 6" gutters (2020). An additional lot is included, providing expansion or parking possibilities. The property's high-traffic location (14,416 daily vehicles) makes it ideal for a variety of commercial uses, from offices to light manufacturing. This presents a unique opportunity for businesses seeking a well-equipped and strategically located space in a thriving area. The asking price is $575,000.

    Property profile
    Verified
    Property type Flex space
    Use group LIGHT INDUSTRIAL
    Year built 1980
    Total area 4,403 SF
    Lot 0.89 ac (38,638 SF)
    Zoning code C
    APN 006-028-027-00
    UPID US43-4327478
    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
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    Owner & transaction history
    Joseph P Nolan · 11 yrs held
    Joseph P Nolan
    since 2014
    2 recorded transactions
    2014
    2014
    $186,000
    Zoning & alternative use
    C · Columbiaville, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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