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Property profile & analytics
OFF-MARKET
Land

920 Lapeer Rd Oxford Township, MI 48371

10 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 10 ac (435,600 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Meijer Express Gas Station Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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