925 Lapeer RdOxford, MI 48371

Property Details for 925 Lapeer Rd

Year built

1963

Lot size

19.74 AC

Property size (Sq ft)

207,073 SF

Property type

Industrial properties

Property subtype

Loft space

APN

P -04-22-101-003

APU

P0422101003

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $43,956,016

  6.5%

  $40,574,784

  7%

  $37,676,584

• Comparable approach

  Method

  Valuation

  Relative Method

  $30,022,894

  Geo Method

  $30,022,894

• Alternative Use

  Use

  Valuation

  Residential

  $40,574,784

  Hospitality

  $37,166,284

  Educational

  $30,921,912

  Medical

  $31,985,364

  Retail

  $48,100,752

Location Insight

City

Oxford

County

Oakland

State

Michigan

Latitude

42.8388

Longitude

-83.2752

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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