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Property profile & analytics
OFF-MARKET Estimated value $575,000
Retail space

491 Main St Lapeer, MI 48446-2428

5,778 SF 0.45 ac lot Built 1964
Entity Owned ~ Est. High Equity
Property ID
US43-4374793
Property summary
AI-generated overview

This exceptional 5,778 square foot retail property, located at 491 S Main St, Lapeer, MI, presents a fantastic opportunity for a discerning business. Currently offering 2,500 square feet of vacant space, this single-tenant building sits on a 0.9-acre lot and boasts a newly renovated exterior facade, providing immediate curb appeal. Its prime location directly behind a T-Mobile store ensures high visibility and foot traffic. The property is zoned Commercial/Retail (APN: L215410004000) and offers excellent signage opportunities, including monument and building signage. The building's total square footage is 5,778 square feet, providing ample space for a variety of retail uses. The cross street is Demille, further enhancing its accessibility and visibility. This property is ideal for a business seeking a prominent location with strong potential for growth in a thriving commercial area. The updated exterior and convenient location make this a truly exceptional opportunity. Serious inquiries are encouraged.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1964
Total area 5,778 SF
Lot 0.45 ac (19,515 SF)
Zoning code B2 GEN
APN L21-54-100-040-00
UPID US43-4374793
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
$573k
Blend (final) Blend
$575k
Owner & transaction history
Putman Opportunities LLC
Putman Opportunities LLC
since 2025
3 recorded transactions
2025
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B2 GEN · Lapeer, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $590,000 +31.3%
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