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    FOR LEASE
    Industrial properties

    925 N Lapeer Rd, Oxford, MI 48371

    207,073 SF 19.74 ac lot Built 1963
    Individually Owned 8-yr Hold Free & Clear
    Property ID
    US43-1584162
    Property summary
    AI-generated overview

    This thriving 207,073 square foot shopping center in Oakland County offers exceptional retail space in a high-traffic, family-oriented environment. Located on a 19.73-acre lot with abundant parking, this C2-zoned property allows for both retail and office uses. The center boasts major tenants including K1 Speed, Urban Air Trampoline Park, Axe Social, and 925 Bar and Kitchen, generating significant foot traffic and event-driven business. Spaces range from 1,300 to 3,500 contiguous square feet, with 10,000 square feet currently vacant. Two prominent spaces are available: a 3,200 square foot south corner unit and a 3,500 square foot space adjacent to the Axe throwing bar and restaurant. The building features an operating garage door and benefits from excellent visibility from M-24. The property's existing tenant mix, including a high-end athletic training gym, suggests opportunities for complementary businesses such as bakeries, beauty services, sporting goods, health and wellness providers, or family-friendly restaurants. Ownership seeks a 3-5 year lease term, with flexibility for tenant build-outs. The center also includes catering, meeting rooms, and an event center available for reservation, further enhancing its appeal and potential. This is an unparalleled opportunity to join a dynamic and successful retail development.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL LOFT BUILDING
    Year built 1963
    Total area 207,073 SF
    Lot 19.74 ac (859,874 SF)
    APN P -04-22-101-003
    UPID US43-1584162
    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
    • K1 Speed - Indoor Go Karts, Corporate Event Venue, Team Building Activities Tour Operator Campground & RV Park
    • Bullz Boxing Club Gym & Fitness Center Sports School
    • ETS Performance North Oakland Gym & Fitness Center Sports Field & Court
    • Starr Sackin PLLC Law Firm Child Welfare Organization
    • Belle Vie Salon and Lash Lounge Hair Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $12.07M
    Blend (final) Blend
    $9.79M
    Owner & transaction history
    Charter Township Of Oxford · 8 yrs held
    Charter Township Of Oxford
    since 2017
    3 recorded transactions
    2017
    $2,442
    2017
    $4.5M
    2014
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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