This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

4053 S Lapeer Rd

14,000 SF 90% Leased Retail Building Metamora, MI 48455 $1,500,000 ($107/SF) 7.48% Cap Rate

INVESTMENT HIGHLIGHTS

  • HEAVY CAR TRAFFIC
  • SELLER FINANCING AVAILABLE
  • 9 UNITS AND 63 CAR PARKING

EXECUTIVE SUMMARY

Commercial Multiunit - Multi tenant building on prime Lapeer Road in Metamora Township. Over 11,000 square feet with nine units and 63 car parking. Seller financing to qualified buyers and 1 vacant 1500 sqft unit available, available for lease. DM the listing agent with any questions.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
14,000 SF
Building Class
C
Year Built/Renovated
2006/2023
Price
$1,500,000
Price Per SF
$107
Cap Rate
7.48%
NOI
$112,200
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
2.04 AC
Zoning
Commercial - COMMERCIAL RETAIL
Parking
65 Spaces (4.64 Spaces per 1,000 SF Leased)
Frontage
267 FT on S. Lapeer Rd

AMENITIES

  • Pylon Sign
  • Signage
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • F
  • 1,468 SF
  • Office
  • -
  • Now

Suite F Looking for a commercial /retail space in METAMORE SQUARE for your business on M24 Lapeer Road in Metamora? the unit is in a busy strip mall with lots of parking and signage. Unit has recently been remodeled and ready for immediate occupancy. Call listing agent with any questions.

Space Size Space Use Position Available
F 1,468 SF Office - Now

F

Size
1,468 SF
Space Use
Office
Position
-
Available
Now

F

Size 1,468 SF
Space Use Office
Position -
Available Now

Suite F Looking for a commercial /retail space in METAMORE SQUARE for your business on M24 Lapeer Road in Metamora? the unit is in a busy strip mall with lots of parking and signage. Unit has recently been remodeled and ready for immediate occupancy. Call listing agent with any questions.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
015-017-003-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$268,800
  • Listing ID: 31231963

  • Date on Market: 3/15/2024

  • Last Updated:

  • Address: 4053 S Lapeer Rd, Metamora, MI 48455

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}