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.
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.
Property Details
Price:
$600,000
MLS #:
20261081044
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
BusinessandRealEstate
Subdivision:
CITY OF LAPEER LAPEER VILLAGE
Neighborhood:
area09132lapeer
Listed Date:
Oct 6, 2026
Finished Sq Ft:
2,856
Total Sq Ft:
4,184
Year Built:
1890
See this Listing
Schools
School District:
Lapeer
Interior
Above Grade Finished Area
2856
Heating
Forced Air, Natural Gas
Levels
Two
Exterior
Construction Materials
Brick
Financial
Taxes
$4,671
Map
Community
- Address393 W Nepessing Street Lapeer MI
- SubdivisionCITY OF LAPEER LAPEER VILLAGE
- CityLapeer
- CountyLapeer
- Zip Code48446
Subdivisions in Lapeer
- BROOKWOOD OF LAPEER CTY CONDO
- CITY OF LAPEER ANDREWS RIVER ESTATES
- CITY OF LAPEER ASSRS 1
- CITY OF LAPEER AUDUBON PARK ADD
- CITY OF LAPEER B JENNING’S ADD
- CITY OF LAPEER B JENNINGS ADD
- CITY OF LAPEER B LAPEER VILLAGE
- CITY OF LAPEER B ORIGINAL
- CITY OF LAPEER JENNINGS ADD
- CITY OF LAPEER LAPEER VILLAGE
- CITY OF LAPEER ORIGINAL
- CITY OF LAPEER R JENNINGS ADD
- CITY OF LAPEER R LAPEER VILLAGE
- CITY OF LAPEER R ORIGINAL
- CITY OF LAPEER R ORIGINAL PLAT
- CITY OF LAPEER TURRILL ADD
- CITY OF LAPEER VILLAGE HOUSES CONDO
- DEVONSHIRE PLACE CONDO
- DUNHAMS SUB
- FAIRWAYS OF LAPEER CONDO
- HOLLYBROOK 2
- JENNINGS ADD
- LAKE SHORE
- NO
- PLEASANT ESTATES
- WHISPERING PINES ESTATES CONDO
- WOODBRIDGE
- WOODBRIDGE PARK
- WOODBRIDGE PARK II
Market Summary
Current real estate data for Commercial in Lapeer as of Oct 14, 2026
13
Commercial Listed
159
Avg DOM
133
Avg $ / SqFt
$626,592
Avg List Price
Property Summary
- Located in the CITY OF LAPEER LAPEER VILLAGE subdivision, 393 W Nepessing Street Lapeer MI is a Commercial for sale in Lapeer, MI, 48446. It is listed for $600,000 To schedule a showing of MLS#20261081044 at 393 W Nepessing Street in Lapeer, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.
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