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
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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For Sale
$1,600,000 2,815 SF
990 S Lapeer Rd, Oxford, MI 48371
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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 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

Location

990 S Lapeer Rd Oxford, MI 48371
Oxford metro Census 121700 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$435k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Zoning & alternative use

BI · Oxford, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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