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Property profile & analytics
OFF-MARKET
Warehouses

48 Genesee St Lapeer, MI 48446-2223

6,442 SF 0.16 ac lot Built 1948
Entity Owned 11-yr Hold Absentee Owner Free & Clear
Property ID
US43-4373318
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1948
Total area 6,442 SF
Lot 0.16 ac (7,187 SF)
Zoning code RM-1 M
APN L20-38-801-040-00
UPID US43-4373318
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
K & R Investment Co · 11 yrs held
K & R Investment Co
since 2015
1 recorded transaction
2015
$28,000
Zoning & alternative use
RM-1 M · Lapeer, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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