Peppermill Road is aland property for lease in Lapeer, MI.
This is a unique opportunity to acquire a 78.5 acre tract of land in the City of Lapeer. Farm it today and develop it tomorrow. The property is presently approved for up to 391 single family units and also has preliminary approval for a PUD development for 284 units. The property is priced signiifcantly below market for development land. The land is adjacent to an existing single family subdivision and the Lapeer High School and has utilities available at the NW corner of the property. Seller has retained exclusive right to build. Great opportunity for a developer to acquire land at a discount and could lease to local farmer in the interim.
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