691 Lapeer Rd Oxford, MI 48371-5036
- Retail space
- 1,781 SF
- 0.28 lot acres
Jan 22, 2024
Current Use by Public Records
- Retail space
Property Details for 691 Lapeer Rd
- Year built
- 1975
- Lot size
- 0.28 lot acres
- Property size
- 1,781 SF
- Zone code
- BI
- Property type
- Retail space
- APN
- P -04-26-303-006
- APU
- P0426303006
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oxford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2558
- Latitude
- 42.8155
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
