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    OFF-MARKET
    Retail space

    5431 Davison Rd, Lapeer, MI 48446-2795

    4,816 SF 1.31 ac lot Built 1965
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US43-4356142
    Property summary
    AI-generated overview

    This exceptional 4,816 square foot industrial property located at 5431 Davison, Lapeer, MI, presents a lucrative investment opportunity. Situated on a 1.31-acre lot, the building currently operates as a thriving automotive repair shop, boasting a spacious 2,600 square foot drive-through work area. The main level also includes a well-appointed 1,200 square foot office and reception area, complete with two bathrooms. This area is currently leased for $1,840 per month. Adding to the property's income stream is a second-floor, two-bedroom, one-bathroom apartment spanning approximately 1,000 square feet, which generates a monthly rental income of $970. Both tenants express a strong desire to remain in the building, ensuring immediate and consistent cash flow for the new owner. The property utilizes a private well for water and is connected to public sewer. This turnkey operation offers a blend of commercial and residential income, making it an attractive investment with significant potential for future growth and returns. The asking price for this exceptional property is $334,900. Don't miss this chance to acquire a high-performing asset in a desirable location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1965
    Total area 4,816 SF
    Lot 1.31 ac (57,281 SF)
    Zoning code C1
    APN 008-008-034-00
    UPID US43-4356142
    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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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Elba Banquet Hall LLC · 4 yrs held
    Elba Banquet Hall LLC
    since 2022
    Last sale
    $137,500
    2 recorded transactions
    2022
    $137,500
    2014
    Zoning & alternative use
    C1 · Lapeer, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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