1428 Imlay City RdLapeer, MI 48446

Property Details for 1428 Imlay City Rd

Year built

1952

Lot size

0.28 AC

Property size (Sq ft)

6,360 SF

Zone code

I1 INDU

Property type

Retail space

APN

L21-29-965-040-00

APU

L212996504000

Description

This exceptional 6,360-square-foot flex space at 1428 Imlay City Road in Lapeer, Michigan, presents a prime commercial lease opportunity. Built in 1952, the single-tenant building offers versatile space ideal for retail, office, or industrial uses. Enjoy excellent visibility and high traffic counts, with over 10,000 cars passing daily on M-21, conveniently located just east of Walmart. The property features 10.8-foot ceiling heights, providing ample vertical space for various configurations. Parking is abundant, with 18 or more spaces available for customers and employees. The building is currently vacant, offering a blank canvas for tenant build-out to perfectly suit individual business needs. This adaptable space is perfect for a retail store, showroom, storage facility, garage, or numerous other ventures. The attractive lease terms are $5 per square foot, plus $1 per square foot in NNN expenses, making this a highly affordable and flexible option. The property's address is 1428 Imlay City Road, Lapeer, MI 48446. This is a truly exceptional opportunity for businesses seeking a well-located, versatile, and cost-effective space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,600,470

  6.5%

  $1,477,357

  7%

  $1,371,832

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,499,184

  Geo Method

  $1,499,184

• Alternative Use

  Use

  Valuation

  Residential

  $1,246,206

  Hospitality

  $1,141,518

  Educational

  $949,730

  Medical

  $982,392

  Retail

  $1,477,357

Location Insight

City

Lapeer

County

Lapeer

State

Michigan

Latitude

43.0474

Longitude

-83.2887

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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