Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $620,000
    Retail space

    150 Washington St, Oxford, MI 48371-4975

    5,090 SF 0.47 ac lot Built 1940
    Individually Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0296492
    Property summary
    AI-generated overview

    This exceptional 5,090 square foot commercial property in Oxford, MI, presents a prime investment opportunity. Strategically located on high-traffic M-24 in the heart of downtown, this extensively renovated building offers unparalleled versatility. Completed in 2023, the renovations transformed this 1.5-story space into a turnkey operation, currently configured as a restaurant. The C-2 zoning allows for a wide range of business uses. The property features a sophisticated layout, including an upper mezzanine with a private bathroom, presenting potential for separate unit development. Ample parking is available on-site for 20+ vehicles, with overflow parking nearby. High-end commercial amenities are in place, including a walk-in cooler, commercial-grade sinks, and fully equipped food preparation areas. The 0.47-acre lot provides convenient access and visibility. This fully updated space represents a rare chance to own a thriving commercial property in Oxford's vibrant downtown, offering significant potential for various business ventures at a compelling price of $560,000. The combination of location, recent renovations, and flexible zoning makes this a truly unique opportunity.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1940
    Total area 5,090 SF
    Lot 0.47 ac (20,473 SF)
    Zoning code BI
    APN PO-04-27-279-043
    UPID US43-0296492
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $683k
    Blend (final) Blend
    $620k
    Owner & transaction history
    Victor Kulesh · 2 yrs held
    Victor Kulesh
    since 2023
    Last sale
    $20,000
    7 recorded transactions
    2023
    $20,000
    2023
    2023
    $300,000
    2019
    2006
    1999
    1969
    Zoning & alternative use
    BI · Oxford, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $895,000 +4.4%
    Restaurant $880,000 +2.6%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 150 Washington St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message