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    920 Lapeer Rd Oxford Township, MI 48371

    Sponsored
    For Sale
    $1,100,000

    Prime 10-acre commercial parcel, ideal mixed-use development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 10-acre commercial land parcel, located at 920 N Lapeer Rd in Oxford Township, Oakland County, Michigan (zip code 48371), presents a unique investment opportunity. Situated on the bustling M-24 corridor, this property boasts a C-2 General Commercial zoning designation, allowing for a variety of development options, including mixed-use and multifamily projects. The parcel's APN is P-14-22-101-003. A previous, unapproved site plan envisioned a Planned Unit Development (PUD) with approximately 84 multifamily units and ample surface parking (152 spaces). The site's location offers excellent visibility and accessibility, with high traffic counts on Lapeer Road. The surrounding area features a thriving community with a median household income exceeding $100,000 and home values surpassing $350,000. Nearby amenities include major retailers, newer residential developments, and a pond-like setting. The property benefits from Oxford Community Schools' above-average rankings and the proximity of two new hospitals under development (Beaumont and Ascension). The asking price for this strategically located parcel is $1,100,000. While a previous site plan existed, it was not formally approved. The property is approximately 8.33 acres buildable. Detailed site plans and surveys are available upon request. This is a rare opportunity to acquire a significant land holding in a rapidly growing area.

    Property Features for 920 Lapeer Rd

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • 10‑acre commercial land parcel at 920 N Lapeer Rd, Oxford Charter Township, MI 48371 (Parcel ID: P‑14‑22‑101‑003).
    • C‑2 General Commercial zoning, allowing mixed‑use and multifamily development. Approximately 8.33 acres buildable.
    • High‑traffic M‑24 (Lapeer Rd) location, across from Meijer and near planned Beaumont and Ascension hospitals.
    • Surrounded by 1,100 new homes, major retailers, and a pond.
    • Excellent demographics: $100,747 median household income (1‑mile radius), $350,000+ home values.
    • Above‑average Oxford Community Schools.
    Property Profile Location Intelligence

    Current Use by Public Records

    Meijer Express Gas ... Convenience Store

    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 Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2734713
    Latitude
    42.8412863

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    FAQs

    What type of property is this?
    Land - Prime 10-acre commercial parcel, ideal mixed-use development.
    Where is this land located?
    The property is located at 920 Lapeer Rd Oxford Township, MI.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 10-acre commercial land parcel at 920 N Lapeer Rd, Oxford Charter Township, MI 48371 (Parcel ID: P-14-22-101-003).; C-2 General Commercial zoning, allowing mixed-use and multifamily development. Approximately 8.33 acres buildable.; High-traffic M-24 (Lapeer Rd) location, across from Meijer and near planned Beaumont and Ascension hospitals.
    (248) 353-0500
    Request Owner's contact information
    920 Lapeer Rd Oxford Township, MI 48371
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    Oxford Township, 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
    920 Lapeer Rd Oxford Township, MI 48371
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