4 Nepessing StLapeer, MI 48446

Property Details for 4 Nepessing St

Year built

1925

Lot size

0.22 AC

Property size (Sq ft)

5,900 SF

Zone code

B2 GEN

Property type

Turn key restaurants

APN

L20-19-100-040-00

APU

L201910004000

Description

This exceptional 0.43-acre commercial land parcel, located at 4 E Nepessing in Lapeer, Michigan, presents a unique investment opportunity. The property boasts a 5,900 square foot building, previously utilized as a restaurant and bar, featuring a recently remodeled kitchen area, ready for immediate occupancy. The building is configured as a single-tenant space, offering flexibility for a variety of commercial uses. Its convenient location offers ample street parking, ideal for quick curbside pickup, and is within walking distance of downtown Lapeer. The property benefits from the presence of neighboring businesses, including a professional tax service and another restaurant, creating a synergistic commercial environment. The ample open space within the building provides significant adaptability for various business needs. City parking is conveniently located across the street, providing additional parking options for customers and employees. This property is situated in Lapeer County, Michigan, with a zip code of 48446. The property's address is 4 E Nepessing, Lapeer, MI. The building is a single-tenant structure, offering a unique opportunity for a business seeking a well-located, established space. The previous use as a restaurant and bar suggests potential for similar ventures, but the adaptable layout allows for a wide range of commercial applications. The recently updated kitchen is a significant asset for food-related businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,484,713

  6.5%

  $1,370,504

  7%

  $1,272,611

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,390,753

  Geo Method

  $1,390,753

• Alternative Use

  Use

  Valuation

  Residential

  $1,156,072

  Hospitality

  $1,058,955

  Educational

  $881,038

  Medical

  $911,339

  Retail

  $1,370,504

Location Insight

City

Lapeer

County

Lapeer

State

Michigan

Latitude

43.0554

Longitude

-83.3083

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].