891 Baldwin Rd, Lapeer, MI 48446-3005
This exceptional 988-square-foot commercial building presents a remarkable investment opportunity in Lapeer, Michigan. Strategically located on a 0.33-acre lot at 891 Baldwin, this property enjoys a high-traffic location amidst established restaurants and shopping centers, ensuring excellent visibility and accessibility. Its convenient proximity to M-24 further enhances its appeal to a wide range of businesses. Previously used as a residential property, this building has undergone a complete zoning change to commercial use, streamlining the process for potential buyers. All necessary steps have been completed, including a professional survey and the approval of a comprehensive site plan, eliminating potential delays and uncertainties. The building's versatile layout offers significant potential for various commercial ventures, making it an ideal choice for entrepreneurs and investors seeking a well-positioned, ready-to-occupy space. The asking price is $199,000. This is a rare opportunity to acquire a turn-key commercial property in a thriving area with high foot traffic and excellent visibility. Don't miss this chance to establish your business in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2 GEN · Lapeer, MILapeer. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.