www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33190461
33190460

2 Locations For Sale

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
JP
MI 6501465180
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services
$1,400,000
50 days on market
Updated 50 days ago
Opportunity zone

TWO DOWNTOWN LAPEER RESTAURANTS

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,508
Tenancy Multi
Price per SqFt $558
Year Built 1968
Acreage 0.060
Zoning CBD 1
Investment Type Owner/User

Retail | 2,508 SqFt

Marketing description

Strategically located along the I-69 corridor between the Detroit and Flint metropolitan areas, Lapeer serves as a growing regional hub within Southeast Michigan. The market benefits from strong transportation connectivity, a diversified economic base, and continued residential expansion driven by affordability and commuter accessibility. Its location provides convenient access to major employment centers while maintaining the advantages of a lower-density suburban community.

Lapeer's economy is supported by a mix of manufacturing, healthcare, logistics, agriculture, retail trade, and professional services. The region has historically maintained strong ties to Michigan's automotive and industrial sectors, while continued diversification has helped stabilize the local economy and support long-term growth. Nearby industrial and distribution facilities continue to generate employment opportunities throughout the surrounding area, contributing to sustained population and consumer growth.

The city and surrounding county have experienced increasing residential demand as households continue migrating toward more affordable suburban markets outside of larger urban centers. Attractive housing costs, quality schools, and a family-oriented community environment have made Lapeer an appealing destination for both homeowners and renters. Continued residential development and population stability have strengthened the area's long-term economic outlook and expanded the local consumer base.

Retail activity throughout the market is concentrated along major commercial corridors including M-24, Genesee Street, and the I-69 interchange areas. These corridors feature a strong mix of national retailers, grocery stores, quick-service restaurants, automotive operators, medical offices, and service-oriented businesses that benefit from consistent local traffic and regional consumer draw. National tenants continue to view the market favorably due to its stable demographics, commuter traffic, and limited direct competition compared to larger metropolitan markets.

Lapeer's commercial real estate market continues to benefit from limited new supply and steady consumer demand, helping maintain healthy occupancy levels across retail and service-oriented properties. The area's affordability relative to surrounding Michigan markets also creates attractive opportunities for both owner-users and investors seeking stable long-term returns with lower barriers to entry.

Investment highlights

  • Both properties are offered together at a combined price of $1,400,000
  • Operating restaurant opportunity located in the heart of downtown Lapeer
  • Being sold in conjunction with Villa Milano, located just down the street
  • Strong downtown location with consistent foot traffic and established local customer base
  • Excellent owner-user or hospitality investment opportunity
  • Liquor license included in sale
  • FF&E included in sale
  • Turnkey restaurant/bar setup with existing operational infrastructure
  • Prime downtown Lapeer location surrounded by restaurants, bars, retail, and community activity
  • Strong visibility and walkability
  • Positioned within an active downtown dining and entertainment corridor
  • Opportunity to capitalize on continued downtown traffic and local consumer demand

Listing Contacts

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
JP
MI 6501465180
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Deno Bistolarides
License
6502378067
Name
Jim Papalois
License
6501465180
Brokerage
Encore Real Estate Investment Services
Brokerage Phone
248-702-0288
Title
Associate Advisor
Brokerage Address
6755 Daly Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591