48 Genesee StLapeer, MI 48446

Property Details for 48 Genesee St

Year built

1948

Lot size

0.16 AC

Property size (Sq ft)

6,442 SF

Zone code

RM-1 M

Property type

Warehouses

Property subtype

Self storage facilities

APN

L20-38-801-040-00

APU

L203880104000

Description

This exceptional 13,800 square foot auto shop, located at 48 W Genesee St in Lapeer, Michigan, presents a lucrative investment opportunity. Built in 1948 and extensively renovated in 2015, the property boasts a prime location with significant road frontage and high community recognition. The single-story building sits on a 0.17-acre lot and is zoned for commercial use (APN: L203830004000). Features include a spacious showroom, multiple sales offices, customer restrooms, service bays equipped with hoists, and ample parking. The property's strong history as a long-standing automotive dealership ensures immediate operational potential. Nearby businesses include prominent retailers such as Walmart, Tractor Supply, and McDonald's, contributing to high traffic volume and visibility. The property's asking price is $850,000, translating to $61.59 per square foot. Additional parcels are available for purchase at 150 W Genesee, 138 W Genesee, 116 W Genesee, 25 Pine St, and 127 Pope St, offering potential for expansion or synergistic development. This is a rare opportunity to acquire a well-established, high-performing auto shop in a thriving commercial area.

• Alternative Use

  Use

  Valuation

  Residential

  $1,262,274

  Hospitality

  $1,156,236

  Educational

  $961,975

  Medical

  $995,058

  Retail

  $1,496,405

Location Insight

City

Lapeer

County

Lapeer

State

Michigan

Latitude

43.0514

Longitude

-83.3064

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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