455 Main St, Lapeer, MI 48446-2428
This exceptional commercial property, located at 455 S Main Street in Lapeer, Michigan, presents a lucrative investment opportunity. Priced at $499,900, this 1,844 square foot building sits on a 0.3-acre lot with excellent visibility. Boasting approximately 74 feet of frontage along S. Main Street and a 74x290 foot rectangular layout, the property offers ample space and high exposure. Currently housing a law firm, the flexible layout is ideal for a variety of commercial uses, including but not limited to, real estate offices, mortgage companies, or other professional services. The C Commercial District (B2 GENERAL) zoning allows for diverse commercial developments. Municipal utilities, including electricity, telephone, and natural gas, are readily available. A gravel parking lot provides convenient parking for employees and clients. The property is identified as L21-54-300-040-00 and is subject to certain easements and restrictions, unless waived by the owner. This prime location in the heart of Lapeer offers a unique chance to establish or expand a successful business. Don't miss this opportunity to own a highly visible and versatile commercial property in a thriving Michigan community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2 GEN · Lapeer, MILapeer. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.