691 Lapeer Rd, Oxford, MI 48371-5036
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BI · Oxford, MIOxford. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.