5431 Davison Rd Lapeer, MI 48446-2795
- Retail space
- 4,816 SF
- 1.31 lot acres
Jun 07, 2022
Current Use by Public Records
- Retail space
Property Details for 5431 Davison Rd
- Year built
- 1965
- Lot size
- 1.31 lot acres
- Property size
- 4,816 SF
- Zone code
- C1
- Property type
- Retail space
- APN
- 008-008-034-00
- APU
- 800803400
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $150,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lapeer
- County
- Lapeer
- State
- Michigan
- Longitude
- -83.4377
- Latitude
- 43.0412
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
