NOT LISTED FOR SALE

4 E Nepessing St Lapeer, MI 48446

Lapeer Area

Estimated Value: $213,963

Studio
-- Bath
5,900 Sq Ft
$36/Sq Ft Est. Value

Sale Details

Date Sold: December 5, 2025

Last sale price $215,000 $36 Per Sq Ft

Current estimated payment $1,384 / mo

141 Days on Market

About This Home

As of December 2025

Great location in City of Lapeer. Corner of E Nepessing and S Saginaw with high traffic counts. Current NNN leases in place for Financial/Tax
Planner, Pizza Restaurant and Mexican Restaurant Bonus area is the Basement, accessible via alley behind the building. Currently leased as well
as first floor tenants. Located in Lapeer Opportunity Zone Performs at a 10% CAP Rate Leases in place and ready for Investor/New Building Owner

Last Agent to Sell the Property

Bethany Brokaw

The Brokaw Group License #6502406551 Listed on: 04/14/2025

Last Buyer's Agent

Steven Unruh

RE/MAX Eclipse License #6501413092

RE/MAX Eclipse

Property Details

Property Type

  • Other

Year Built

  • Built in 1925

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 60.00 x 160.00
  • Zoning described as Commercial

Home Design

  • 5,900 Sq Ft Home
  • Brick Exterior Construction
  • Block Foundation
  • Slab Foundation

Utilities

  • Forced Air Heating System

Community Details

  • City Of Lapeer Lapeer Village Plat Subdivision

Listing and Financial Details

  • Assessor Parcel Number L201910004000

Property Details

Property Type

Other

Year Built

Built in 1925

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Property Type: CommercialSale
  • Year Built: 1925
  • Current Use: Restaurant
  • State Equalized Value: 153800.00
  • Property Sub Type: RealEstateOnly
  • LotSizeAcres: 0.22
  • Co List Office Mls Id: 406550
  • Above Grade Finished Sq Ft: 5900.00
  • Living Area: 5900.00
  • ClassName: CommercialSale
  • ThirdPartyApprovalRequiredYN: No
  • Special Features: RealEstateOwned

Interior Features

  • Fireplace: No
  • Basement: No

Exterior Features

  • Waterfront: No
  • Foundation Details: Block, Slab
  • Construction Materials: Brick
  • Road Frontage Type: ClassC

Utilities

  • Heating: ForcedAir
  • Sewer: PublicSewer
  • Water Source: Community

Schools

  • Junior High Dist: Lapeer

Lot Info

  • Lot Size Area: 0.22
  • Lot Dimensions: 60.00 x 160.00
  • Parcel Number: L201910004000
  • Land Lease Expiration Date: 2025-10-01
  • Zoning Description: Commercial

Tax Info

  • Tax Amount Summer: 2580.00
  • Tax Amount Winter: 3519.00
  • Tax Annual Amount: 6099.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2025
Closed on
Oct 28, 2025
Sold by
Bought by
Seller's Agent
Bethany Brokaw
The Brokaw Group
Buyer's Agent
Steven Unruh
RE/MAX Eclipse
List Price
$265,000
Sold Price
$215,000
Premium/Discount to List
-$50,000
-18.87%
Current Estimated Value
$213,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,037
Avg. Annual Appreciation
-0.76%

Purchase Details

Closed on
Mar 24, 2020
Sold by
Bought by

Purchase Details

Closed on
Mar 13, 2020
Sold by
Bought by

Purchase Details

Closed on
Mar 17, 1998
Sold by
Bought by

Purchase Details

Closed on
Aug 26, 1991
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$215,000 Partners Title
-- First American Title
$230,000 First American Title
$180,000 --
$12,000 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/05/2025 12/05/25 Sold $215,000 -18.9% $36 / Sq Ft
09/04/2025 09/04/25 Pending -- -- --
04/16/2025 04/16/25 For Sale $265,000 -- $45 / Sq Ft
Source: Realcomp

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,656 $181,100 $0 $0
2024 $2,580 $153,800 $0 $0
2023 $2,460 $125,400 $0 $0
2022 $5,756 $121,100 $0 $0
2021 $5,964 $128,900 $0 $0
2020 $5,960 $185,600 $0 $0
2019 $5,951 $160,100 $0 $0
2018 $5,812 $141,600 $27,600 $114,000
2017 $5,696 $142,300 $0 $0
2016 $5,654 $145,000 $145,000 $0
2015 -- $0 $0 $0
2014 -- $117,400 $117,400 $0
2013 -- $126,300 $126,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20250026464

Realcomp

APN: L20-19-100-040-00

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