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    Property profile & analytics
    OFF-MARKET
    Retail space

    691 Lapeer Rd, Oxford, MI 48371-5036

    1,781 SF 0.28 ac lot Built 1975
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1802797
    Property summary
    AI-generated overview

    This exceptional 1,781-square-foot retail space, located at 691 S Lapeer Rd in Oxford, Michigan, presents a unique investment opportunity. Situated on M-24, just a quarter-mile from downtown Oxford, this single-tenant property boasts unparalleled visibility and accessibility. The building, constructed in 1975 and extensively renovated in 2024, features a new roof, furnace, and air conditioning system, ensuring efficient and cost-effective operation. The property includes ample parking with 20 spaces available for customers and staff. The C2 commercial zoning allows for a variety of uses, making it ideal for fast-food restaurants or other retail businesses. This high-growth, high-income area benefits from a soon-to-open large dispensary next door, further enhancing its appeal and potential for increased foot traffic. The property offers flexible lease options, including a triple-net lease at $18.00 per square foot or a gross lease. To incentivize occupancy, the owner is offering three months of free rent. This prime location, coupled with recent renovations and attractive lease terms, makes this property an exceptional opportunity for a discerning business owner. The property's address is 48371.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1975
    Total area 1,781 SF
    Lot 0.28 ac (12,197 SF)
    Zoning code BI
    APN P -04-26-303-006
    UPID US43-1802797
    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
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Party Keg Properties LLC · 2 yrs held
    Party Keg Properties LLC
    since 2024
    4 recorded transactions
    2024
    2002
    1969
    1969
    Zoning & alternative use
    BI · Oxford, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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