Downtown Owosso Mixed-Use
For Sale
Contact for pricing
100 N Washington St, Owosso, MI 48867
Four-story building with redevelopment potential in Owosso's Opportunity Zone.
Property Size4,791 SF
Price / SF$114.80
Days on Market1442
Property Features for 100 N Washington St
General Information
Standard status
Active
Size
4,791 SF
Property subtype
Mixed Use, Office, Retail
Zoning
B3-CENTBUS
Occupancy
10%
Building Details
Buildings
1
Stories
4
Listing Agency:
Woodworth Commercial
Listed By:
Leo Deason · License #MI6501405470
(989) 723-3711
Source:
Crexi
Added: Oct 26, 2022
Changed: Oct 3
Last Checked: Oct 5 at 3:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Woodworth Commercial
Investment Insights
Based on property information with market context.
This four-story building is located in Downtown Owosso, at the corner of Main Street and N. Washington Street. Each of the four floors offers approximately 4,791 square feet. The building also includes a full finished basement. Large windows on every floor provide natural lighting. Situated in an Opportunity Zone, the property is eligible for multiple grants and rehabilitation options. This property presents a redevelopment opportunity.
Key Highlights
- Prime downtown Owosso location on the corner of Main Street and N. Washington Street
- Located in an Opportunity Zone with potential access to grants and rehabilitation options
- Substantial size: Four stories with approximately 4,791 SF per floor, plus a full finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,735
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$994,700
$994.7K
Cap Rate 7%
$710,500
$710.5K
Cap Rate 9%
$552,611
$552.6K
Market Conditions
NOI Build-Up for 4,791 SF
Gross rent
$74.2K $15.48/SF
− Vacancy
−$3.1K −$0.65/SF
EGI
$71.0K $14.83/SF
− OpEx
−$21.3K −$4.45/SF
NOI
$49.7K $10.38/SF
Area
Shiawassee County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$994,700
Cap Rate 7%
$710,500
Cap Rate 9%
$552,611
Alternative Uses
Best Use
Retail
$710.5K
$621.7K – $828.9K
NOI $49,735 @ 7.0% cap · market cap 9.04%
Second Best
Office B
$683.1K
$597.8K – $797.0K
NOI $47,820 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$913.4K
$799.2K – $1.07M
NOI $63,939 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
Explore this area
Business Placement
Demographics for 48867, MI
27,596
Population
12,660
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
136.0 sq mi
ZIP Area
203
Density / Sq Mi
$58,718
Median Household Income
$37,908
Median Earnings
$834
Median Rent
$145,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-story building with redevelopment potential in Owosso's Opportunity Zone.
Where is this mixed-use property located?
The property is located at 100 N Washington St Owosso, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Prime downtown Owosso location on the corner of Main Street and N. Washington Street; Located in an Opportunity Zone with potential access to grants and rehabilitation options; Substantial size: Four stories with approximately 4,791 SF per floor, plus a full finished basement
