5505 Davison Rd Lapeer, MI 48446-2777
Property profile & analytics
5505 Davison Rd Lapeer, MI 48446-2777
- Retail space
- 3,710 SF
- 1.50 lot acres
Property ID
US43-4357825
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 5505 Davison Rd
- Lot size
- 1.50 lot acres
- Property size
- 3,710 SF
- Zone code
- C1
- Property type
- Retail space
- APN
- 008-007-001-00
- APU
- 800700100
Description
This exceptional 3,710 square foot industrial property, situated on a 1.5-acre lot in Lapeer, Michigan, presents a remarkable investment opportunity. Located on a high-traffic corner, this landmark building benefits from approximately 9,000 cars passing daily, providing unparalleled visibility and accessibility. Its strategic location offers convenient access to I-69, further enhancing its appeal. The versatile space can be utilized as a single unit or easily divided into separate areas for diverse uses. The ground floor features two distinct entrances, one leading to a spacious main area and the other to a smaller storefront. A separate entrance on the upper level provides access to an additional area, previously used as a boutique retail store and formerly configured as a three-bedroom residential unit. This presents flexibility for various business models or potential residential conversion. The building boasts a rich history, having served as a convenience store and pizza kitchen/bakery for many years. All existing kitchen equipment and store fixtures are included in the sale, offering a head start for a new owner. While not currently "turnkey," this property holds immense potential with some renovation and investment. The seller is offering land contract terms, making this an attractive proposition for entrepreneurs seeking a prime location and flexible financing options.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lapeer
- County
- Lapeer
- State
- Michigan
- Longitude
- -83.4408
- Latitude
- 43.0412
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,411
$0.00
$0.00
$122,500
-
$0.00
$0.00
$245,000
