55 W Nepessing Street Lapeer, MI $ 324,900
55 W Nepessing Street
$ 324,900
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55 W Nepessing Street

Lapeer, MI, 48446
$ 324,900
Bedrooms-- Baths-- Sq 5,000

Monthly Estimate*

$ 2,051

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Commercial Property for sale in Lapeer, MI

for $324,900. This 5,000 square foot building was built in 1968 on a lot size of 0.06.

Prime downtown Lapeer commercial opportunity offering approximately 5,000 square feet of completely renovated finished space with excellent visibility, frontage, and exposure. The building was fully refurbished just a few years ago, with virtually everything updated or replaced, including new plumbing, electrical, two furnaces, two central air-conditioning units, all new windows and doors, new brick exterior, and a new roof. The property features four bathrooms, handicap chair lift on stairs, high daily traffic, and abundant parking in the city public lot directly behind the building. Currently home to Axcadia, this property offers an excellent opportunity for an investor or owner-user, with tremendous potential for retail, office, entertainment, service businesses, or a variety of other commercial uses. A rare opportunity to own a turn-key, extensively renovated commercial building in the heart of downtown Lapeer.

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Commercial Active

Price

$ 324,900

Property Type

Commercial

Taxes

$ 7,390

Style

RealEstateOnly

Lot Size

0.06

Year Built

1968

Town/City

Lapeer

County/Region

Lapeer

MLS | Web ID

20261066935

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Cooling CentralAir
Possession SubjectToTenantRights
Garage Spaces 0.0
Construction Materials Block Brick
Year Built 1968
Property Subtype RealEstateOnly
Current Use Commercial
Business Type Commercial Other
County Lapeer
Net Operating Income 18100.0
Operating Expense 9500.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name CITY OF LAPEER LAPEER VILLAGE
Garage Y/N N
Status Active
Directions S.W. corner of Nepessing St & Saginaw St.
City LapeerCity_Lapeer
Senior Community Y/N N
High School District Lapeer
Zoning Description Commercial
MLS Area Area09132Lapeer
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 7390.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 158649
Expected Active Date 2026-08-31
Legal Description CITY OF LAPEER LAPEER VILLAGE PLAT W'LY 19 FT OF LOT 1 & E'LY 3 FT OF LOT 2 (L=1 P=73 SEC 5 T7N-R10E)
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Exterior
Water Source Public
Foundation Details Block BrickMortar Slab
Spa N
Lot Dimensions 30x118x30x118
Lot Size Acres 0.06
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 5000.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 55
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* Excluded Features
List By
Douglas F Ferrell

Listing Agent

Realty Executives Main St Llc

Broker

(810) 691-0731

Phone

Affordability Calculator

$2,667
Per Month
77%
23%
0%
Monthly Principal & Interest
$2,051
Monthly Property Taxes
$616
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848237 Elementary School
848528 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/31/2026$324,900 Listed Price

Map


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55 W Nepessing Street, Lapeer, MI, 48446 is a Commercial Property for sale at $324,900 with 5,000 sqft and a lot size of 0.06. 55 W Nepessing Street was built in 1968. The property's zip code is 48446 which is in Lapeer, MI