Remodeled Restaurant and Office
74 N WASHINGTON Street, Oxford, MI 48371
Remodeled restaurant space with a high-efficiency hood, parking, and a private upstairs office for flexible operations.
Type:Land
Property size:
1,967 SFPrice / SF:
$279/SF- Added:
- Jan 9, 2026
- Days on Market:
- 166
- Last Refresh:
- Jun 20 at 6:18 am
Property Features for 74 N WASHINGTON Street
General Information
- Standard status
- Active
- Size
- 1,967 SF
- Property subtype
- Land
Building Details
- Year Built
- 2001
Listing office DRC of Michigan Realty, LLC
Listing date Jan 9, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of DRC of Michigan Realty, LLC
HighLights
- Remodeled commercial building (2001) set up as a restaurant with an open main‑level floor plan
- High‑efficiency 20‑ft cooking hood plus commercial SS sinks; fresh paint and LED lighting installed within the past 2 years
- Duro‑Last® roof; newly installed gutters and downspouts; freshly painted exterior and brand new front and back awnings
- Rear cement parking lot provides on‑site parking for customers and employees
- Security system includes monitored alarm, full building surveillance, in‑and‑out cameras, panic buttons, and fobs
- Total space is 3,560 SF: 2,000 SF main level plus 1,560 SF upstairs private office/workspace; equipment not included (negotiable)
Overview
This impeccably maintained commercial building has been remodeled and updated throughout within the last two years and is currently set up for restaurant use. Inside, the main level offers an open floor plan designed for service and operations. The property also includes a separate upstairs area with a private office workspace and an additional storage area, with the option to build out further office space or maintain locked storage. Upgraded improvements include a new 20-foot high efficient cooking hood, commercial stainless-steel sinks, fresh paint, and LED lighting. The exterior has also been refreshed with a high-quality Duro-Last® roof, newly installed gutters and downspouts, and brand-new awnings on the front and back.
The rear of the property features a spacious cement parking lot to support customer and employee parking. A prominent flagpole is present on-site, and the building includes an advanced monitored alarm system with full building surveillance, including in-and-out cameras, panic buttons, and fobs.
For prospective tenants or buyers, the combination of a ready-to-reopen restaurant configuration and an upstairs office makes the building well-suited for operators who want an integrated workspace. Equipment is not included in the sale, but it is described as negotiable. The listing notes that the restaurant could be reopened within 1 to 2 months.
The rear of the property features a spacious cement parking lot to support customer and employee parking. A prominent flagpole is present on-site, and the building includes an advanced monitored alarm system with full building surveillance, including in-and-out cameras, panic buttons, and fobs.
For prospective tenants or buyers, the combination of a ready-to-reopen restaurant configuration and an upstairs office makes the building well-suited for operators who want an integrated workspace. Equipment is not included in the sale, but it is described as negotiable. The listing notes that the restaurant could be reopened within 1 to 2 months.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.5k | $21.60 |
| − Vacancy | −$2.9k | −$1.47 |
| EGI | $39.6k | $20.13 |
| − OpEx | −$9.9k | −$5.03 |
| NOI | $29.7k | $15.10 |
1,967 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$424.3K
$371.2K – $495.0K
NOI $29,699 @ 7.0% cap · market cap 5.40%
Second Best
Office B
$96.7K
$84.6K – $112.9K
NOI $6,771 @ 7.0% cap · market cap 1.23%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Smoothie Guys®️
Specialty Food Shop
All Clear Water ...
Home Appliance Store
Location Insight
- Map
- Local Demand
- City
- Oxford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2669107
- Latitude
- 42.8273043
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Remodeled restaurant space with a high-efficiency hood, parking, and a private upstairs office for flexible operations.
Where is this conventional restaurant located?
The property is located at 74 N WASHINGTON Street Oxford, MI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Remodeled commercial building (2001) set up as a restaurant with an open main‑level floor plan; High‑efficiency 20‑ft cooking hood plus commercial SS sinks; fresh paint and LED lighting installed within the past 2 years; Duro‑Last® roof; newly installed gutters and downspouts; freshly painted exterior and brand new front and back awnings
