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    691 S Lapeer Rd Oxford, MI 48371

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    For Sale
    $465,000

    Remodeled retail building with high traffic volume near downtown.

    Lot size:
    0.28 Acres

    Property Features for 691 S Lapeer Rd

    General Information

    Lot size
    0.28 Acres

    Source: CMP Real Estate Group Agent Peggy J Feltner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property on Lapeer Road

    This retail property is located on S Lapeer Road, which experiences a traffic volume of 47,054 vehicles per day. The building is situated a quarter mile from downtown Oxford. The building was recently remodeled, presenting an opportunity for retailers, including food service businesses.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2557743
    Latitude
    42.8154513

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    FAQs

    What type of property is this?
    Storefront property - Remodeled retail building with high traffic volume near downtown.
    Where is this storefront property located?
    The property is located at 691 S Lapeer Rd Oxford, MI.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: - High traffic location with 47,054 vehicles per day.; - Recently remodeled building.; - Close proximity to downtown Oxford (0.25 miles).
    (248) 821-7688
    Request Owner's contact information
    691 S Lapeer Rd Oxford, MI 48371
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    Oxford, MI 48371
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    691 S Lapeer Rd Oxford, MI 48371
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