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    6 Washington St Oxford, MI 48371

    Sponsored
    For Sale
    $1,150,000

    High-return retail & residential property

    Property size:
    4,278 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional mixed-use property, located at 6 N WASHINGTON in the vibrant downtown Oxford, MI, presents a compelling investment opportunity. The 4,278 square foot building boasts a completely remodeled interior and sits on a 0.06-acre lot. The ground floor features retail space currently under a long-term lease, ensuring consistent rental income. Adding to the property's profitability, the second floor comprises two fully leased studio apartments, providing a diversified revenue stream. Leases are structured as NNN (Net, Net, Net), minimizing landlord responsibilities. Convenient city surface parking is immediately adjacent, featuring a valuable amenity: two EV charging stations, along with several designated two-hour parking spaces. The property benefits from a prime location within a thriving commercial district, surrounded by established businesses such as Red Knapps, Bar & Grill, Funky Monkey Toys, HomeGrown Brewing, Oxford Tap Room, and other successful enterprises. This strategic positioning ensures high visibility and foot traffic, further enhancing the investment potential. The asking price for this turnkey operation is $1,150,000, offering a rare chance to acquire a well-established, income-generating property in a desirable Michigan location. The combination of stable retail and residential income streams, coupled with the convenient parking and excellent location, makes this an attractive opportunity for discerning investors seeking a strong return on investment.

    Property Features for 6 Washington St

    General Information

    Property type
    Industrial properties
    Square Feet
    4,278 SF
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1919
    Property Profile Location Intelligence

    Current Use by Public Records

    Norah's Bridal Bridal Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.26483
    Latitude
    42.82506

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    FAQs

    What type of property is this?
    Industrial property - High-return retail & residential property
    Where is this industrial property located?
    The property is located at 6 Washington St Oxford, MI.
    What is the asking price?
    The asking price for this property is $1,150,000.
    (248) 628-1900
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    6 Washington St Oxford, MI 48371
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    Oxford, MI 48371
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6 Washington St Oxford, MI 48371
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