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Financial
Distress signals
Property profile

990 S Lapeer Rd Oxford, MI 48371

FOR SALE
Banks
Property ID
US43-0903543
2,815 SF 1.32 ac lot Built 1975
Last sale Sep 2023
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 2,815 square foot retail space, formerly a Chase Bank, presents a unique opportunity in Oxford, Michigan. Situated on a prominent 1.76-acre corner lot at the intersection of Lapeer and West Drahner Roads, this single-tenant building offers unparalleled visibility and accessibility. The property boasts a convenient drive-thru, a highly desirable feature for a variety of businesses. The building is currently vacant and ready for immediate occupancy. Its strategic location…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value · 2024$464k
Effective rate3.72%

Value estimate

· Oct 2026
$435k
$392k – $479k
NOI build-up
Gross scheduled income$180k
Vacancy & credit loss−$12k
Operating expenses−$42k
NOI · 7.85% cap applied$126k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
7.85%
$126k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BI
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop17.8
Restaurant16.3
Law Firm16.2

Location

990 S Lapeer Rd Oxford, MI 48371
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
47 Washington, Oxford, MI 48371-4684 $1,200,000 Dec 2025 3,723 SF
18 Washington, Oxford, MI 48371-4971 $225,000 Feb 2024 2,201 SF
40 Washington, Oxford, MI 48371-4971 $475,000 Jan 2023 2,713 SF
8 Washington, Oxford, MI 48371-4971 $470,000 Jan 2022 3,070 SF
20 Church, Oxford, MI 48371-4619 $848,000 Jan 2022 3,224 SF
7 Washington, Oxford, MI 48371-4673 $430,000 Feb 2020 3,812 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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