Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
2,856 sqft

$600,000

393 W Nepessing Street, Lapeer City Lapeer Michigan, 48446

Price per sqft$210.08
Built in1890
Property size2,856 sqft
Property typeCommercial

Overview

Active

Listed Oct 6, 2026

Updated 4 days ago

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.

Other Property Details

Taxes
$4,671
Tax Frequency
Annually
55+/Senior Community
No

 

Courtesy of Diplomat Realty

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Maxbroock Detroit Realtors shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. IDX information is provided exclusively 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.

Provided through IDX through Realcomp II LTD
Originating MLS:
©2026 Realcomp II LTD Shareholders 

Data last updated 4:57 AM UTC, 10/7/2026

Powered by Luxury Presence