For Sale
$525,000

204 Main StOwosso, MI 48867

High-traffic, fully occupied investment

Overview

Added:
Dec 11, 2024
Days on market:
117
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
204 Main St, Owosso, Michigan

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204 Main St
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