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    501 S Shiawassee St Owosso, MI 48867

    For Sale
    $300,000

    18,000 sqft property on 2 acres near downtown Owosso.

    Lot size:
    1.96 Acres

    Property Features for 501 S Shiawassee St

    General Information

    Lot size
    1.96 Acres

    Building Details

    Year built
    1955

    Source: National Realty Centers, Inc Agent Mark Yousif

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Owosso Investment Property Opportunity

    This investment property is located near downtown Owosso. The building has 18,000 square feet with an additional 5,000 square foot basement, and is constructed with reinforced concrete. The property is situated on a 2-acre lot. There is a grant available for turning the property into an apartment complex. Plans exist for a grow facility, apartment complex, and storage facility. This property presents an opportunity to enter Owosso's real estate market.
    Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Owosso
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.176808
    Latitude
    42.993511

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    FAQs

    What type of property is this?
    Apartment building - 18,000 sqft property on 2 acres near downtown Owosso.
    Where is this apartment building located?
    The property is located at 501 S Shiawassee St Owosso, MI.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: - $2 Million+ Grant Available for Apartment Complex Conversion; - 18,000 SqFt Building with 5,000 SqFt Basement; - 2-Acre Lot
    (248) 955-5305
    Request Owner's contact information
    501 S Shiawassee St 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
    501 S Shiawassee St Owosso, MI 48867
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