11 Washington StOxford, MI 48371

Property Details for 11 Washington St

Year built

1900

Lot size

0.06 AC

Property size (Sq ft)

4,616 SF

Zone code

BI

Property type

Retail space

APN

PO-04-27-202-041

APU

PO0427202041

Description

This exceptional retail property, located at 11 S Washington St in the heart of Oxford, Michigan, presents a unique leasing opportunity. The building, constructed in 1900 and classified as Class B, offers a total of 4,102 square feet of space, with 2,051 square feet currently vacant. The property sits on a 0.006-acre lot, conveniently located on the west side of Washington Street, south of Burdick Street. Ample parking is available for customers and employees. The building is zoned B-1, allowing for a variety of commercial uses. The property's excellent condition makes it an ideal space for a business seeking a prominent location in Oxford's vibrant downtown area. The single-tenant occupancy provides flexibility and control. This is a rare opportunity to secure a well-situated retail space in a thriving Michigan community. The property's historical charm combined with its modern functionality makes it a highly desirable location for a discerning business. Oakland County location provides easy access to major transportation routes and a strong customer base. Contact us today to learn more about this exceptional leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,161,599

  6.5%

  $1,072,245

  7%

  $995,656

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,088,087

  Geo Method

  $1,088,087

• Alternative Use

  Use

  Valuation

  Residential

  $904,479

  Hospitality

  $828,498

  Educational

  $689,301

  Medical

  $713,007

  Retail

  $1,072,245

Location Insight

City

Oxford

County

Oakland

State

Michigan

Latitude

42.8243

Longitude

-83.2651

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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