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    OFF-MARKET
    Banks

    990 Lapeer Rd, Oxford, MI 48371-5041

    2,815 SF 1.32 ac lot Built 1975
    Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-0903543
    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 within a thriving retail corridor, surrounded by established businesses such as Kroger, Meijer, Tractor Supply, CVS Pharmacy, and Rite Aid, ensures high foot traffic and strong brand recognition potential. This makes it an ideal location for quick-service restaurants (QSRs), medical practices, or other retail establishments. The ample lot size provides significant flexibility for future expansion or outdoor amenities. Ground lease options are also available for qualified tenants. This property offers a rare combination of size, location, and amenities, making it an exceptional investment opportunity. Contact us today to learn more about this remarkable retail space.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1975
    Total area 2,815 SF
    Lot 1.32 ac (57,499 SF)
    Zoning code BI
    APN P -04-26-353-029
    UPID US43-0903543
    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
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Orahner Development LLC · 2 yrs held
    Orahner Development LLC
    since 2023
    1 recorded transaction
    2023
    Zoning & alternative use
    BI · Oxford, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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