1555 Demille RdLapeer, MI 48446

Property Details for 1555 Demille Rd

Year built

1994

Lot size

31.13 AC

Property size (Sq ft)

206,957 SF

Zone code

B3 REG

Property type

Outlet malls

APN

L20-94-701-030-00

APU

L209470103000

Description

This exceptional retail opportunity is located within a high-traffic Meijer store in Lapeer, Michigan, offering 1,027 square feet of prime, front-of-store space. The space boasts unparalleled visibility and access to thousands of weekly customers, leveraging Meijer's established shopper base. This "Store-Within-A-Store" concept provides a range of benefits, including a strategic location for maximum customer interaction and an all-inclusive monthly fee covering real estate taxes, property insurance, CAM, and utilities. Branding opportunities are available, both inside and outside the store, enhancing exposure. The property is situated in a thriving trade area with a desirable customer base. This location is ideal for various businesses, including financial institutions, food and beverage vendors, service businesses, and health and wellness providers. The property is located at 1555 Demille Rd, Lapeer, MI 48446, in Lapeer County. The space is currently vacant and ready for immediate occupancy. This is a unique opportunity to establish your business within one of the Midwest's most recognizable retail destinations.

• CAP approach

  CAP return

  Valuation

  6%

  $52,079,956

  6.5%

  $48,073,808

  7%

  $44,639,964

• Comparable approach

  Method

  Valuation

  Relative Method

  $48,784,068

  Geo Method

  $48,784,068

• Alternative Use

  Use

  Valuation

  Residential

  $40,552,056

  Hospitality

  $37,145,464

  Educational

  $30,904,590

  Medical

  $31,967,446

  Retail

  $48,073,808

Location Insight

City

Lapeer

County

Lapeer

State

Michigan

Latitude

43.0413

Longitude

-83.326

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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