844 Main StLapeer, MI 48446

Property Details for 844 Main St

Year built

1982

Lot size

0.47 AC

Property size (Sq ft)

2,912 SF

Zone code

B2 GEN

Property type

Medical offices

Property subtype

Medical centers

APN

L21-31-800-040-00

APU

L213180004000

Description

This exceptional 2,912-square-foot freestanding building, situated on a 0.47-acre lot in Lapeer, Michigan, presents a remarkable opportunity for businesses seeking a prime location. Boasting a highly visible position at the well-lit intersection of South Main Street and Baldwin Road, this property benefits from significant foot traffic and easy accessibility. Its strategic placement near major retailers such as Meijer, Culver's, Domino's, Tropical Smoothie, and Marshalls ensures high visibility and convenient access for clients and employees. The building is zoned B2 General Business, offering versatility for various uses, including medical, office, or retail. The property includes 20 dedicated parking spaces, a fully built-out medical space featuring three exam rooms (each with sinks), five private offices, and a spacious glass-front reception and waiting area. A full basement provides ample storage and utility access, allowing for flexible modifications. Three restrooms are available, two on the main floor and one in the basement. A reliable automatic generator ensures uninterrupted operations. This turnkey solution combines a desirable location with functional features, making it an ideal investment for businesses seeking to establish or expand their presence in a thriving commercial area. The property's address is 844 S Main St, Lapeer, MI 48446, and is located in Lapeer County.

• CAP approach

  CAP return

  Valuation

  6%

  $498,499

  6.5%

  $460,153

  7%

  $427,285

• Comparable approach

  Method

  Valuation

  Relative Method

  $272,388

  Geo Method

  $272,388

• Alternative Use

  Use

  Valuation

  Residential

  $570,590

  Hospitality

  $522,657

  Educational

  $434,845

  Medical

  $449,800

  Retail

  $676,425

Location Insight

City

Lapeer

County

Lapeer

State

Michigan

Latitude

43.0401

Longitude

-83.3216

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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