6 Washington St, Oxford, MI 48371
- Retail space
- 4,278 SF
- 0.06 lot acres
Current Use by Public Records
- Norah's Bridal / Clothing & Fashion Store
Property Details for 6 Washington St
- Year built
- 1910
- Lot size
- 0.06 lot acres
- Zone code
- BI
- Property type
- Retail space
- APN
- PO-04-22-460-015
- APU
- PO0422460015
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 25, 2020 | $250,000 | 6 N Washington LLC | Penny M Farrell Murphy | Warranty Deed | $330k · Choiceone Bank |
| Aug 21, 2020 | $300,000 | Penny Farrell-murphy | Ronald C Brabo | Warranty Deed | — |
| Jul 30, 2020 | $125,000 | Ronald C Brabo | Mary J Warnke | Warranty Deed | — |
Description
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Oxford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2648
- Latitude
- 42.8251
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
