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Retail or Office Space with Basement
For Lease
$1,900/Mo

216 W Exchange St, Owosso, MI 48867

Flexible main-floor office or retail space with a usable basement in the heart of Downtown Owosso.

Space SizeContact for details
Days on Market55

Property Features for 216 W Exchange St

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1900
Listing Agency: Kori Shook & Associates
Listed By: Kori Shook · License #FAAR-125623
Source: Elliman
Added: Jun 18 Changed: Jul 10 Last Checked: Aug 10 at 7:37AM

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 Kori Shook & Associates

Investment Insights

Based on property information with market context.

This property offers flexible space for either office or retail use. The main floor provides over 1,900 square feet, with an additional usable basement for extra storage or support space. The listing is presented as a beautiful Downtown option suitable for tenants or operators looking for a mix of above-grade and below-grade functionality.

Located in the heart of Downtown Owosso, the building benefits from a walkable and somewhat bikeable setting, with Walk Score 52 and Bike Score 47 reported in the listing materials. The downtown positioning can support day-to-day customer or employee access consistent with a central business area.

For prospective tenants, the combination of a substantial main floor and a usable basement can accommodate a variety of operational needs, whether the business is primarily customer-facing or office-based. The layout supports leasing inquiries for either retail or office users, and the owner is also marketing the property for sale per the provided remarks.

Key Highlights

  • Year built: 1900
  • Main floor offers over 1,900 sqft of office or retail space
  • Includes a usable basement for additional space

Property Analytics

Current Use

Trethewey C a DPM Physician Studio 52 Frame ... (Bike/Boat/Book/etc) Store Key to Owosso Mural Resort Hi-Quality Glass Hardware & Home Improvement Kori Shook & Associates Real Estate Agency

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Furniture & Home Goods Acupuncture HVAC Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,098
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Flexible main-floor office or retail space with a usable basement in the heart of Downtown Owosso.
Where is this office units located?
The property is located at 216 W Exchange St Owosso, MI.
What is the lease rate?
The lease rate is $1,900/Mo.
What are key features of this property?
This property features: Year built: 1900; Main floor offers over 1,900 sqft of office or retail space; Includes a usable basement for additional space
More about this property
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