204 Main StOwosso, MI 48867
- Commercial real estate
- 0.12 AC
Property Details for 204 Main St
- Lot size
- 0.12 AC
- Property type
- Commercial real estate
- APN
- 050-470-023-003-00
- APU
- 5047002300300
Description
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.
Location Insight
- City
- Owosso
- County
- Shiawassee
- State
- Michigan
- Latitude
- 42.9978
- Longitude
- -84.1723
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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