1559 N LAPEER RD, Oxford, MI 48371
Two-building industrial site with fenced outdoor storage and convenient access from M24 for manufacturing, retail, and storage uses.
- 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
Listing office Millennium Realty, LLC (248) 394-0464
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Oxford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2817231
- Latitude
- 42.8498206