Shopping Mall with Rental
For Sale
Contact for pricing
201 S Washington St, Owosso, MI 48867
Shopping mall with established tenants and potential for growth.
Property Size35,775 SF
Price / SF$25.16
Days on Market203
Property Features for 201 S Washington St
General Information
Standard status
Active
Size
35,775 SF
Class
B
Property subtype
Mixed Use, Office, Retail
Zoning
CBD
Occupancy
50%
Building Details
Year Built
1985
Year Renovated
2026
Stories
1
Tenancy
Multi
Listing Agency:
Eric Stamm Team Real Estate
(810) 730-3434
Listed By:
Eric Stamm · License #6502405665
Source:
Crexi
Added: Jan 29
Changed: Aug 15
Last Checked: Aug 19 at 8:33PM
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 Eric Stamm Team Real Estate
Investment Insights
Based on property information with market context.
This shopping mall offers great rental income with established tenants. The property features a new roof and maintained HVAC system, both updated in 2025, along with new Nest controls on seven HVAC units. There are numerous available units for rent and common areas suitable for pop-up kiosk rentals. Current tenant types include weight lifting, gaming, a golf simulator, a photographer, a dance studio, and e-bike sales. The property has potential for medical suites, a hair studio, retail spaces, and storage facilities. The city owns and maintains the parking lot. At 46% occupancy, the cap rate is 6.17. The property size is 35775 square feet.
Key Highlights
- High Cap Rate: 6.17% at 46% occupancy indicates strong income potential.
- Diverse Tenant Mix: Established tenants including weight lifting, gaming, golf simulator, and more, with potential for medical suites and retail.
- Rental Income Opportunity: Lots of available units to rent and common area for pop‑up kiosk rentals.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Shopping mall with established tenants and potential for growth.
Where is this mixed-use property located?
The property is located at 201 S Washington St Owosso, MI.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: High Cap Rate: 6.17% at 46% occupancy indicates strong income potential.; Diverse Tenant Mix: Established tenants including weight lifting, gaming, golf simulator, and more, with potential for medical suites and retail.; Rental Income Opportunity: Lots of available units to rent and common area for pop‑up kiosk rentals.
