31 N Washington St - Storefront Retail/Residential FOR SALE


Oxford, MI 48371- Downtown Oxford
$520,000 USD
31 N Washington St, Oxford, MI for Sale
$520,000 USD
Storefront Retail/Residential - FOR SALE
1/22
null | Request Cap Rate

31 N Washington St
Oxford, MI 48371
Downtown Oxford


HIGHLIGHTS

  • 2003-Complete renovation of main level including exterior facade/windows.
  • Located in award winning Downtown Oxford
  • Long term tenants

OVERVIEW

Remarks: Prime Downtown Mixed-Use Property located in the heart of Downtown Oxford. Fully updated and well-maintained building featuring a street-level retail space, ideal for a variety of commercial uses. Main level retail space offering two offices, one with glass French door adding charm and an upscale vibe, beautiful hardwood floors (in floor heating in the front of building), crown molding throughout, ample recessed lighting and a large bathroom. This historic building has front and rear access plus public parking in the rear lot. Upper level offers two updated one-bedroom apartments, providing comfortable and functional living spaces each equipped with stove and refrigerator. Tenants also enjoy access to a shared washer and dryer, adding convenience and appeal. Full usable basement provides additional storage, utility space, or is ready for your vision to finish. Building is fully leased with long-term tenants, offering immediate income. Prime walkable location near restaurants, shopping, nightlife, and close to the Poly Ann Trail. This property benefits from strong foot traffic and a highly desirable award winning downtown setting. A rare chance to own a flexible commercial/residential building in one of Oxford’s most sought-after locations. Ideal opportunity for investors seeking a stable, downtown asset. Updates include: 2025-Roof, 2024-Central air on main level, flooring in both apartments, front apartment shower, 2022-Boiler and main level hot water heater, 2019-Back upper unit renovated, 2003-Complete renovation of main level including exterior facade/windows.

FOR SALE DETAILS

PRICE

$520,000 USD

PRICE/SF

$298 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

BI

APN/PARCEL ID

04-22-453-025

ASK ABOUT THIS PROPERTY

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