710 Chipman StOwosso, MI 48867

Property Details for 710 Chipman St

Lot size

0.31 AC

Property size (Sq ft)

1,500 SF

Property type

Specialty properties

Property subtype

Land

Description

This exceptional commercial property in Owosso, Michigan, presents a unique investment opportunity. Located at 710 S. CHIPMAN STREET, 48867, this 0.31-acre lot features a 1,500 square foot building suitable for a variety of special purpose uses. The asking price is $580,000, representing a significant price adjustment. A land contract is available for the land and building, requiring a $45,000 down payment, 6% interest, and a 7-year balloon payment on a 30-year amortization schedule, plus taxes and insurance. Included in the sale to a qualified buyer are a profit and loss statement, inventory list, and client list. The estimated inventory value is $350,000. The sale also includes a welder, MIG welder, torches, plasma cutter, metal band saw, drill press, forklift, semi-storage trailer, and 3-phase power at the building (but not inside the building). Three-phase power is available at the building. This turnkey operation offers immediate potential for a new owner. The property's strategic location in Shiawassee County provides excellent access to local transportation networks. This is a rare opportunity to acquire a well-established business with significant assets.

Location Insight

City

Owosso

County

Shiawassee

State

Michigan

Latitude

42.9912

Longitude

-84.187

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