For Lease
$216/SF/YR

691 Lapeer Rd Oxford Road, MI 48371

1,781 SF Retail Space, Newly Renovated

Overview

Added:
Dec 11, 2024
Days on market:
127
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.

Highlights

  • 1,781 SF retail space at 691 S Lapeer Rd, Oxford, MI 48371.
  • High-visibility location on M-24, 0.25 miles from downtown Oxford.
  • Completely renovated in 2024 with new roof, HVAC, and ample parking (20 spaces).
  • C2 zoning allows for various retail uses, including fast-food.
  • Attractive lease terms: $18/SF triple-net or gross lease, plus three months free rent.

Property Details for 691 Lapeer Rd

Property type
Specialty properties, Retail properties
RSF (Rentable sq. ft)
1,781 SF
Year Built/Renovated
1975/2024
Stories
1

Unit(s) available at that property

Space
Size
1,781 SF
Rate per SF
$216

Location Insight

City
Oxford Road
County
State
Michigan
Latitude
42.8153221
Longitude
-83.2558787
691 Lapeer Rd, Oxford Road, Michigan

FAQs

What type of property is this?
Specialty property - 1,781 SF Retail Space, Newly Renovated
Where is the specialty property located?
The property is located at 691 Lapeer Rd Oxford Road, MI.
What is the lease rate?
The lease rate is $216/SF/YR.
What are key features of this property?
This property features: 1,781 SF retail space at 691 S Lapeer Rd, Oxford, MI 48371.; High-visibility location on M-24, 0.25 miles from downtown Oxford.; Completely renovated in 2024 with new roof, HVAC, and ample parking (20 spaces).
How can I contact the broker?
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691 Lapeer Rd
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