This exceptional 10,094 square foot executive office building, located at 606 N Saginaw St in Lapeer, Michigan, presents a fantastic leasing opportunity. Built in 1910 and extensively renovated in 2012, the property boasts a blend of historical charm and modern functionality. The building is zoned OS-1 and sits on a sizable 0.74-acre lot (APN: L20-18-700-040-00). Currently, there are multiple suites available for lease, ranging from a minimum of 214 square feet to a maximum contiguous space of 1,090 square feet. A total of 1,821 square feet is currently vacant and ready for immediate occupancy. This presents an ideal opportunity for businesses seeking flexible and adaptable office space in a prime Lapeer location. The building's convenient location in Lapeer County, Michigan, (zip code 48446) offers easy access to major transportation routes and local amenities. This is a rare chance to secure high-quality office space in a well-maintained building with a rich history. Inquire today to learn more about the available spaces and lease terms.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,727,971
6.5%
$1,595,050
7%
$1,481,118
Comparable approach
Method
Valuation
Relative Method
$944,193
Geo Method
$944,193
Alternative Use
Use
Valuation
Residential
$1,977,862
Hospitality
$1,811,711
Educational
$1,507,322
Medical
$1,559,162
Retail
$2,344,724
Location Insight
City
Lapeer
County
Lapeer
State
Michigan
Latitude
43.0572
Longitude
-83.3098
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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