990 Lapeer RdOxford, MI 48371

Property Details for 990 Lapeer Rd

Year built

1975

Lot size

1.32 AC

Property size (Sq ft)

2,815 SF

Zone code

BI

Property type

Banks

APN

P -04-26-353-029

APU

P0426353029

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $708,384

  6.5%

  $653,893

  7%

  $607,186

• Comparable approach

  Method

  Valuation

  Relative Method

  $663,554

  Geo Method

  $663,554

• Alternative Use

  Use

  Valuation

  Residential

  $551,583

  Hospitality

  $505,247

  Educational

  $420,360

  Medical

  $434,817

  Retail

  $653,893

Location Insight

City

Oxford

County

Oakland

State

Michigan

Latitude

42.8108

Longitude

-83.2531

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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