1643 Imlay City RdLapeer, MI 48446

Property Details for 1643 Imlay City Rd

Lot size

4.60 AC

Property size (Sq ft)

9,600 SF

Zone code

C-3

Property type

Retail space

APN

012-003-033-00

APU

1200303300

Description

This exceptional 9,600-square-foot executive office building, situated on a generous 4.6-acre lot in Lapeer, Michigan, presents a compelling investment opportunity. Built in 1996 and expanded in 2014, the property boasts a total of 9,600 square feet of well-maintained office space. The building sits on land zoned C-1, allowing for significant expansion potential—up to an additional 70,400 square feet of development. The existing structure features a water well and septic system, along with a natural gas heating system and a new roof installed in 2016. A property survey is readily available. The current tenant, a subsidiary of a major corporation with 11 other Michigan locations, has occupied the building for 25 years, demonstrating strong tenant stability. The annual rent is currently $90,000, with a scheduled increase to $95,000 within three years. Real estate taxes for 2023 totaled $10,661.33, and building insurance was $2,200, both covered by the landlord. This property offers a rare combination of existing income, substantial expansion possibilities, and a long-term, reliable tenant. The asking price is $895,000. Located at 1643 Imlay City Rd, Lapeer, MI 48446.

Location Insight

City

Lapeer

County

Lapeer

State

Michigan

Latitude

43.045

Longitude

-83.2795

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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