See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

1224 S Lapeer Rd, Lapeer, MI, 48446

2beds
1baths
1,201sqft
$3,500,000
$2,914price/sqft
$22,086/moest. monthly cost
$883,440/yrincome needed

About This Home

Prime Commercial Development Opportunity – Located on the NW Corner of I-69 and M-24, Lapeer, MI This 3.48-acre property offers a rare opportunity to own a prime piece of land in a high-traffic area, directly adjacent to the I-69 on-ramp. The property is situated at the gateway to Lapeer and provides significant visibility and exposure for future commercial or mixed-use development, subject to township approval. The property includes four residential rental homes, with all properties being sold together as one parcel. These properties are not available for individual sale. Property Id include: #01250000600, Id# 01250000530, Id #01250000560, Id# 01250000500. For more information, contact the listing agent.

Getting Around

14
WalkingCar-Dependent
0
TransitVery Limited Transit
23
BikeSomewhat Bikeable

Schools

7/10
7/10
8/10

Construction

Condition

  • Year built: 1956

Materials

  • Foundation: Basement,Block
  • Construction materials: Brick

Notable Dates

  • Major remodel year: 1956

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished,Walk Up Access

Bedroom

  • Level: Entry
  • Area: 143
  • Dimensions: 11 x 13

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: Entry
  • Area: 144
  • Dimensions: 12 x 12

Features

  • Finished area above ground: 1,201

Heating

  • Heating features: Baseboard,Hot Water,Other Heating Source

Interior Area

  • Total interior livable area: 1,201 sqft

Kitchen

  • Level: Entry
  • Area: 90
  • Dimensions: 9 x 10

Living Room

  • Level: Entry
  • Area: 280
  • Dimensions: 14 x 20

Other

  • Level: Entry
  • Area: 45
  • Dimensions: 5 x 9

Primary Bedroom

  • Level: Entry
  • Area: 156
  • Dimensions: 12 x 13

Property

Details

  • Parcel number: 01250000500
  • Special condition: Corporate Relocation,Short Sale No

Features

  • Levels: One
  • Stories: 1
  • Entry location: GroundLevel
  • Pool features: None

Lot

  • Lot size: 1.21 Acres
  • Lot size dimensions: 307 x 134 x 304 x 180

Parking

  • Total spaces: 3
  • Parking features: Three Car Garage,Attached,Direct Access
  • Has garage: Yes
  • Attached garage spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Tornado
Hail
Inland Flooding
Ice Storm
Lightning

FEMA Declared Disasters in Lapeer County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $17,697$212,364
Home Insurance *$1,839$22,068
Property Taxes $2,362$28,344
Electricity $188$2,259
Total$22,086$265,032
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$757,234/yr
40% on housing$662,580/yr
45% on housing$588,960/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.5%
7.5%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: -2.2%
-2.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$2,914This listing

vs Other Active Listings

Avg $/sqft

ZIP 48446$262
Lapeer County$205

vs Homes Sold Last Month

Median $/sqft

ZIP 48446$160
Lapeer County$193

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-11-07Price change$3,500,000
2024-11-20Listed for sale$3,900,000
2010-06-17Sold$84,900
2010-05-23Price change$84,900
2010-04-24Price change$99,900
2010-04-04Listed for sale--
2010-01-06Sold$147,409

For Sale by Agent

AgentVeronica Abdelnour
BrokerageSolutions Realty Group LLC

Similar Homes