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    720 Chipman St Owosso, MI 48867

    Sponsored
    For Sale
    $80,000

    High-traffic location, versatile space, immediate occupancy.

    Property size:
    1,560 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 1,560 square foot commercial/mixed-use building is situated on a prominent corner lot at the intersection of Stewart and Chipman in Owosso, Michigan. Boasting a highly visible location on a busy street, this property presents a fantastic opportunity for a diverse range of businesses. The building features large storefront windows, providing excellent visibility and attracting potential customers. Ample parking is available in the sizable lot. Inside, you'll find a spacious showroom, a private back office, and a full bathroom. A full basement with a half-bath adds significant additional space. Recent significant investments exceeding $80,000 have been made in key building improvements, including flooring, walls, roof, electrical systems, and insulation. These upgrades ensure the property is in excellent condition and ready for immediate occupancy. The versatile layout makes it ideal for a variety of uses, such as a real estate office, insurance agency, car sales showroom, daycare center, or retail store. The property sits on a 0.2-acre lot. This turnkey operation is ready for its next chapter. Don't miss this chance to establish your business in a prime Owosso location.

    Property Features for 720 Chipman St

    General Information

    Property type
    Investment properties
    Square Feet
    1,560 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Owosso
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.18697
    Latitude
    42.99068

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    FAQs

    What type of property is this?
    Investment property - High-traffic location, versatile space, immediate occupancy.
    Where is this investment property located?
    The property is located at 720 Chipman St Owosso, MI.
    What is the asking price?
    The asking price for this property is $80,000.
    (810) 214-4011
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    720 Chipman St Owosso, MI 48867
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    Owosso, MI 48867
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    720 Chipman St Owosso, MI 48867
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