48 Genesee St Lapeer, MI 48446-2223
This exceptional 13,800 square foot auto shop, located at 48 W Genesee St in Lapeer, Michigan, presents a lucrative investment opportunity. Built in 1948 and extensively renovated in 2015, the property boasts a prime location with significant road frontage and high community recognition. The single-story building sits on a 0.17-acre lot and is zoned for commercial use (APN: L203830004000). Features include a spacious showroom, multiple sales offices, customer restrooms, service bays equipped with hoists, and ample parking. The property's strong history as a long-standing automotive dealership ensures immediate operational potential. Nearby businesses include prominent retailers such as Walmart, Tractor Supply, and McDonald's, contributing to high traffic volume and visibility. The property's asking price is $850,000, translating to $61.59 per square foot. Additional parcels are available for purchase at 150 W Genesee, 138 W Genesee, 116 W Genesee, 25 Pine St, and 127 Pope St, offering potential for expansion or synergistic development. This is a rare opportunity to acquire a well-established, high-performing auto shop in a thriving commercial area.
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
RM-1 M · 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.