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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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393 W Nepessing St , Lapeer, MI 48446
$600,000
Est. Payment: $1,333.33/mo
4184 Sqft
0.14 Acres
Status: active | Days on site: 27
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Jim Blehm
Team Owner, Realtor®

House 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, and real estate, 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.

Highlights

Listed by Nicholas Sinishtaj , 586-453-3533 Diplomat Realty , 586-453-3533. MichRIC

Property Type

Commercial Sale

Lot/Acreage
0.14

Year Built

1890

County

Lapeer

School District

Lapeer

Listing ID

20261081044

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Interior Features

Water:Public

Exterior Features

Principal Interest
$1,333
Taxes
$389

Home Price

$600,000

Loan Details

30 yrs
0%

Down Payment

20%
$120,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,333.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,333.33 $389.25 $0.00 $1,722.58
Yearly $16,000.00 $4,671.00 $0.00 $20,671.00
Total $480,000.00 $140,130.00 $0.00 $620,130.00
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Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Lapeer, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-11-02T16:20:00.000Z

© 2026 MichRIC