For Sale
$525,000

204 Main St Owosso, MI 48867

High-traffic, fully occupied investment

Overview

Added:
Dec 11, 2024
Days on market:
137
This two-story, 10,369 square foot commercial building is located in downtown Owosso, Michigan, at 204 W Main St (M-21). Built in 1890, this Class D property features a creative office subtype and is currently 100% occupied by a single tenant under a modified lease expiring January 30, 2023. The building boasts excellent visibility due to its Main Street frontage in a high-traffic area. It offers both front and rear entrances for convenient access. A city parking lot is conveniently located directly behind the building, supplementing limited street parking. The property sits on a 0.12-acre lot (APN: 050-470-023-003-00) and is zoned B3. The asking price is $525,000, representing a $50.63 per square foot price and a 10% cap rate. The building consists of one structure with two stories and two units. This presents a compelling investment opportunity in a vibrant downtown location.

Highlights

  • Downtown Owosso location.
  • Main Street/M-21 frontage.
  • 100% occupied.
  • First-floor retail space.
  • Excellent visibility from high-traffic location.

Property Details for 204 Main St

Property type
Neighborhood centers, Retail properties
Square Feet
10,369 SF
Class
D
Year Built
1890
Buildings
1
Stories
2
Lot Size (sq. ft)
5,227 SF
Units
2

Location Insight

City
Owosso
County
Shiawassee
State
Michigan
Latitude
42.9978348
Longitude
-84.1723081

FAQs

What type of property is this?
Neighborhood center - High-traffic, fully occupied investment
Where is the neighborhood center located?
The property is located at 204 Main St Owosso, MI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Downtown Owosso location.; Main Street/M-21 frontage.; 100% occupied.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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204 Main St
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