891 Baldwin RdLapeer, MI 48446

Property Details for 891 Baldwin Rd

Year built

1954

Lot size

0.32 AC

Property size (Sq ft)

988 SF

Zone code

B2 GEN

Property type

Office buildings

APN

L20-98-704-050-00

APU

L209870405000

Description

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 approach

  CAP return

  Valuation

  6%

  $169,134

  6.5%

  $156,123

  7%

  $144,972

• Comparable approach

  Method

  Valuation

  Relative Method

  $92,418

  Geo Method

  $92,418

• Alternative Use

  Use

  Valuation

  Residential

  $193,593

  Hospitality

  $177,330

  Educational

  $147,537

  Medical

  $152,611

  Retail

  $229,501

Location Insight

City

Lapeer

County

Lapeer

State

Michigan

Latitude

43.0394

Longitude

-83.3224

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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