393 W Nepessing Street

About this home

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.

Home facts

Property type

BusinessandRealEstate

Square feet

2,856 sqft

Year built

1890

Subdivision

CITY OF LAPEER LAPEER VILLAGE

School district

Lapeer

County

Lapeer

Exterior & lot

Exterior

Brick

Lot size

0.14 acres

Lot dimensions

33 x 77

Utilities

Heating

ForcedAir, NaturalGas

Sewer

PublicSewer

Water

Public

Taxes & terms

Annual taxes

$4,671

Terms offered

Cash, Conventional

Days on market

6

MLS #

20261081044