501 Shiawassee StOwosso, MI 48867

Property Details for 501 Shiawassee St

Lot size

1.96 AC

Property type

Commercial real estate

APN

050-651-000-022-00

APU

5065100002200

Description

This exceptional 18,000-square-foot industrial property, situated on a generous 1.96-acre lot in Owosso, Michigan, presents a compelling investment opportunity. Conveniently located near downtown Owosso, the building boasts a substantial 5,000-square-foot basement, constructed with durable reinforced concrete. The property's versatility is highlighted by existing plans for diverse uses, including an apartment complex, a grow facility, and a storage facility. This adaptability makes it an ideal canvas for a variety of entrepreneurial ventures. Adding to its significant appeal is a substantial grant of over $2 million, specifically earmarked for the conversion of the property into an apartment complex. This financial incentive significantly reduces the financial burden and accelerates the potential return on investment. The property's prime location and substantial size, coupled with the availability of significant grant funding, position this asset as a rare find in Owosso's thriving real estate market. This is a chance to acquire a property with a solid foundation for future growth and profitability, offering a unique opportunity to shape the future of this dynamic location.

• Alternative Use

  Use

  Valuation

  Residential

  $16,729,337

  Hospitality

  $15,323,982

  Educational

  $12,749,374

  Medical

  $13,187,844

  Retail

  $19,832,358

Location Insight

City

Owosso

County

Shiawassee

State

Michigan

Latitude

42.9936

Longitude

-84.1762

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].