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    Market St Oxford, MI 48371

    For Sale
    $1,950,000

    Prime Development Opportunity in Oxford, MI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 8.39-acre commercial land parcel in Oakland County, Michigan, presents a unique investment opportunity. Located on Market Street in Oxford, MI 48371, this C-1 zoned property boasts a prime location near a thriving retail district anchored by a Meijer Superstore, new apartment complexes, and Oxford High School. The property's strategic position is further enhanced by its proximity to a planned large Corewell Health medical facility and a new McClaren Health Ambulatory Care hospital, promising increased traffic and demand. The site also neighbors a golf course, numerous single-family homes, and an event center, creating a desirable surrounding environment. Township officials have indicated a strong need for a limited-service hotel and restaurant in this area, making this land ideal for such development. The property's size and zoning allow for a variety of commercial uses, offering significant potential for future growth and profitability. The asking price is $1,950,000. This is a rare chance to acquire a substantial parcel in a rapidly developing area with excellent visibility and access. Don't miss this opportunity to capitalize on the growth potential of Oxford, Michigan.

    Property Features for 0 Market St

    General Information

    Property type
    Land
    Lot Size
    365,468 SF

    HighLights

    • C‑1 Local Business zoning.
    • High‑visibility Market Street location, near Tractor Supply, restaurants, Meijer, new apartments, and Oxford High School.
    • Proximity to a planned Corewell Health facility.
    • Adjacent to a new McLaren Health Ambulatory Care hospital.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Oxford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.282319
    Latitude
    42.8364583

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    FAQs

    What type of property is this?
    Land - Prime Development Opportunity in Oxford, MI
    Where is this land located?
    The property is located at Market St Oxford, MI.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: C-1 Local Business zoning.; High-visibility Market Street location, near Tractor Supply, restaurants, Meijer, new apartments, and Oxford High School.; Proximity to a planned Corewell Health facility.
    (248) 351-6315
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    Market St 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
    Market St Oxford, MI 48371
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