Share This Listing

Message

960 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

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

Executive Summary

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.

Attachments

31 N Washington

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $39,000 $22.38
Other Income - -
Vacancy Loss - -
Effective Gross Income $39,000 $22.38
Taxes - -
Operating Expenses - -
Total Expenses $13,408 $7.69
Net Operating Income $25,592 $14.68

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $39,000
Annual Per SF $22.38
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $39,000
Annual Per SF $22.38
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $13,408
Annual Per SF $7.69
Net Operating Income
Annual $25,592
Annual Per SF $14.68

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,752 SF
Building Class
C
Year Built
1900
Price
$520,000
Price Per SF
$188.95
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.58
Lot Size
0.04 AC
Zoning
BI
Frontage
16’ on Washington St

Nearby Major Retailers

Flagstar
CrossFit
Orangetheory Fitness
Tim Hortons
Leo's Coney Island
HOTWORX
Chase

Property Taxes

Property Taxes

Parcel Number
04-22-453-025
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$187,850
  • Listing ID: 39784432

  • Date on Market: 3/15/2026

  • Last Updated:

  • Address: 31 N Washington St, Oxford, MI 48371

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}