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393 W Nepessing Street, Lapeer, Mi 48446

$600,000
  • 393 W Nepessing Street, Lapeer, Mi 48446 Main Photo

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Active
SQUARE FEET2,856 MLS#20261081044
STATUSActive PROPERTY TYPECommercial - Retail SUBDIVISIONC I T Y O F L A P E E R L A P E E R V I L L A G E SCHOOLLapeer

Property Description

A rare opportunity to own the real estate and a fully operational, profitable restaurant in the heart of Downtown Lapeer. Villa Milano offers an established Italian restaurant and pizzeria along with its 4,184-square-foot building, creating an exceptional turnkey opportunity for an owner-operator or investor.The sale includes the business, real estate, and liquor license, allowing a new owner to step into an established operation with the infrastructure already in place. The restaurant accommodates approximately 90 guests indoors and features additional outdoor patio seating - perfect for taking advantage of downtown activity and seasonal dining.Adding tremendous versatility is a spacious 1,300+ square-foot second-floor apartment, offering potential for owner occupancy, management housing, or additional income.Located directly on W Nepessing Street in Downtown Lapeer, Villa Milano benefits from excellent visibility and convenient free public parking both in front of and behind the building. CBD-1 Central Business District zoning further enhances the property's long-term flexibility and investment potential.Whether you're an experienced restaurateur looking for a plug-and-play operation or an investor seeking a unique mixed-use commercial asset, Villa Milano presents the opportunity to acquire the property, business, liquor license, and an established downtown presence - all in one package.

393 W Nepessing Street | MLS# 20261081044

This commercial property located at 393 W Nepessing Street, Lapeer, Mi 48446 is currently listed for sale with an asking price of $600,000. W Nepessing Street is located within the Lapeer school district. Search Lapeer real estate on noake.griffithrealty.com today.

Property Features

Property Type: Commercial - Retail
Heating: Forced Air, Natural Gas
Lot Size: 0.14 Acres
Stories: 2.0
Taxes: $4,671
Year Built: 1890

Feature Descriptions

Days on Site: 18
Exterior: Brick
Lot Dimensions: 33 x 77
Parcel#: L200260004000
Sewer: Public Sewer
Summer Tax: 1911
Units: 2
Water: Public
Winter Tax: 2760

Local Schools

School District: Lapeer

Listed By / Shown By

Listed By

Agency Name: Diplomat Realty
Agency Phone: 5864533533

Shown By

Agent Name: Nathan Oake
Agent Phone: (734) 845-0680
Agency Title: Griffith Realty

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/25/2026. The listing information on this page last changed on 10/25/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 10/25/2026 12:00:11 AM EST) or RealComp MLS (last updated Sat 10/24/2026 11:49:17 PM EST). Real estate listings held by brokerage firms other than Griffith Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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