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    6 Washington St Oxford, MI 48371

    Sponsored
    For Sale
    $1,150,000

    Mixed-use property, high ROI potential.

    Property size:
    4,278 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 6 N Washington in the vibrant downtown Oxford, Michigan (48371), presents a compelling investment opportunity. The 4,278 square foot building sits on a 0.06-acre lot and offers a blend of retail and residential space. The ground floor features a retail space currently under a long-term lease, ensuring consistent income. Upstairs, two fully leased studio apartments provide additional rental revenue streams. The building has undergone a complete remodel, ensuring modern amenities and attractive aesthetics. Convenient city surface parking is immediately adjacent, featuring two EV charging stations and several designated two-hour parking spaces. This prime location benefits from a thriving commercial district, surrounded by established businesses such as Red Knapps, Bar & Grill, Funky Monkey Toys, HomeGrown Brewing, Oxford Tap Room, and more, ensuring high foot traffic and visibility. The asking price for this turnkey investment is $1,150,000. This property offers a unique combination of stable rental income and strong potential for future appreciation in a desirable Michigan location. The property is zoned for commercial use. The building is currently generating income from both the retail space and the residential units. This is an excellent opportunity for investors seeking a well-established, income-producing asset in a bustling downtown area.

    Property Features for 6 Washington St

    General Information

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

    HighLights

    • Mixed‑use building totaling 4,278 square feet on a 0.06‑acre lot in downtown Oxford, MI (48371).
    • Ground floor features a long‑term leased retail space, generating consistent income.
    • Two fully leased studio apartments provide additional rental income.
    • Recently remodeled with modern amenities.
    • Convenient access to city surface parking with EV charging stations.
    • Prime location in thriving commercial district with high foot traffic.
    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
    -83.2648157
    Latitude
    42.8250452

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    FAQs

    What type of property is this?
    Land - Mixed-use property, high ROI potential.
    Where is this land 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.
    What are key features of this property?
    This property features: Mixed-use building totaling 4,278 square feet on a 0.06-acre lot in downtown Oxford, MI (48371).; Ground floor features a long-term leased retail space, generating consistent income.; Two fully leased studio apartments provide additional rental income.
    Request Owner's contact information
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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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