150 Washington St, Oxford, MI 48371-4975
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BI · Oxford, MIOxford. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.