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    Industrial Manufacturing and Storage Site Title is generated by Realmo AI

    1559 N LAPEER RD, Oxford, MI 48371

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    Two-building industrial site with fenced outdoor storage and convenient access from M24 for manufacturing, retail, and storage uses.

    Type:Retail, Industrial
    Property size:
    6,455 SF
    Price / SF:
    $193/SF
    Added:
    Apr 15, 2025
    Days on Market:
    436
    Last Refresh:
    Jun 20 at 4:02 am

    Property Features for 1559 N LAPEER RD

    General Information

    Standard status
    Active
    Size
    6,455 SF
    Property subtype
    Retail, Industrial

    Building Details

    Year Built
    1989

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    Amie Leszczynski

    Listing office Millennium Realty, LLC

    Listing date Apr 15, 2025

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Millennium Realty, LLC

    HighLights

    • Two‑building industrial site with 6,455 total SF: 5,216 SF manufacturing/retail plus 1,239 SF storage
    • Large fenced outdoor storage area on‑site
    • Large parking lot included
    • Convenient access from M24 and located 2.5 miles north of the Village of Oxford
    • Tenant occupied on a long‑term lease

    Overview

    This offering consists of two buildings on one site, totaling 6,455 square feet. The property includes 5,216 square feet of manufacturing/retail space and an additional 1,239 square feet in a second building configured for storage. The site also provides a large fenced-in area suitable for outdoor storage and a parking lot to support customer and employee access.

    The property is located along the M24 corridor, with visibility on M24. It sits approximately 2.5 miles north of the Village of Oxford, offering a straightforward drive-in setup for day-to-day operations and deliveries.

    The tenant-occupied configuration on a long-term lease may appeal to buyers seeking an existing operating arrangement that combines flexible indoor space for manufacturing/retail with separate storage space. The outdoor fenced area and on-site parking further support businesses that need room for materials, equipment, or overflow storage tied to an industrial retail/manufacturing use.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $108.4k $16.80
    − Vacancy −$9.2k −$1.43
    EGI $99.2k $15.37
    − OpEx −$29.8k −$4.61
    NOI $69.5k $10.76
    6,455 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $992.3K
    $868.2K – $1.16M (±1% cap)
    NOI $69,458 @ 7.0% cap · market cap 5.56%
    Second Best
    Warehouse
    $554.8K
    $485.4K – $647.3K (±1% cap)
    NOI $38,835 @ 7.0% cap · market cap 3.11%
    Theoretical Best
    Specialty Retail
    $1.39M
    $1.22M – $1.62M (±1% cap)
    NOI $97,460 @ 7.0% cap · market cap 7.80%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Healthy Dogma, Inc (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2817231
    Latitude
    42.8498206

    FAQs

    What type of property is this?
    Manufacturing property - Two-building industrial site with fenced outdoor storage and convenient access from M24 for manufacturing, retail, and storage uses.
    Where is this manufacturing property located?
    The property is located at 1559 N LAPEER RD Oxford, MI.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Two‑building industrial site with 6,455 total SF: 5,216 SF manufacturing/retail plus 1,239 SF storage; Large fenced outdoor storage area on‑site; Large parking lot included
    (248) 394-0464 Call to check price and availability
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