Technical
Financial
Distress signals
Property profile

920 Lapeer Rd Oxford Township, MI 48371

OFF-MARKET
Land
10 ac lot
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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

Current use

Occupant on record · Public records
  • Grocery & Convenience Store

Location

920 Lapeer Rd Oxford Township, MI 48371
Oxford Township metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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