Multi-Story Office Building with
For Sale
$579,000
217 N Washington St, Owosso, MI 48867
Well-maintained office building with elevator access to two floors and updated interiors plus renovated restrooms.
Property Size12,416 SF
Price / SF$46.63
Days on Market61
Property Features for 217 N Washington St
General Information
Standard status
Active
Size
12,416 SF
Taxes and HOA fees
Annual Taxes
$13,469
Building Details
Year Renovated
2026
Tenancy
Multi
Listing Agency:
Tamarack Realty Services
(989) 259-1279
Listed By:
Robert Lentz · License #6504431786
(989) 259-1279
Source:
Exprealty
Added: Jun 22
Changed: Aug 20
Last Checked: Aug 20 at 12:26PM
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 Tamarack Realty Services
Investment Insights
Based on property information with market context.
This multi-story office building offers approximately 15,986 square feet of versatile commercial space, including about 12,416 square feet currently leasable across the first and second floors. The first floor contains approximately 6,194 square feet, and the second floor contains approximately 6,222 square feet. An additional approximately 3,570 square feet on the third floor is currently used for storage and is accessed by stairs. Recent improvements include updated flooring in 2022 and renovated restrooms in 2026. An elevator provides convenient access to floors 1 and 2.
The property is located in downtown Owosso, Michigan at 217 N Washington St. Public parking is available along Washington Street and in the city-owned parking lot directly behind the building, supporting tenant and visitor access.
The building is partially owner-occupied (approximately 9,000 square feet) and partially tenant-occupied (approximately 3,000 square feet) with established long-term tenants. The third floor storage area may support a value-add approach, and the seller notes it could potentially be converted into residential apartments through programs such as DRRP, MCRP, RAP, or MI Neighborhoods, subject to applicable requirements. For tenants and operators, the building’s mix of finished office space and additional third-floor area can support a range of occupancy and operational plans, supported by elevator access to the main income-producing floors.
The property is located in downtown Owosso, Michigan at 217 N Washington St. Public parking is available along Washington Street and in the city-owned parking lot directly behind the building, supporting tenant and visitor access.
The building is partially owner-occupied (approximately 9,000 square feet) and partially tenant-occupied (approximately 3,000 square feet) with established long-term tenants. The third floor storage area may support a value-add approach, and the seller notes it could potentially be converted into residential apartments through programs such as DRRP, MCRP, RAP, or MI Neighborhoods, subject to applicable requirements. For tenants and operators, the building’s mix of finished office space and additional third-floor area can support a range of occupancy and operational plans, supported by elevator access to the main income-producing floors.
Key Highlights
- Approximately 15,986 SF multi‑story downtown commercial building with 12,416 SF currently leasable: 6,194 SF (1st) and 6,222 SF (2nd)
- Includes 3,570 SF 3rd‑floor storage space; currently accessed by stairs (elevator serves floors 1 & 2)
- Partially owner‑occupied (~9,000 SF) and partially tenant‑occupied (~3,000 SF) with long‑term tenants paying about $6.00/SF/year
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,098
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 Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building with elevator access to two floors and updated interiors plus renovated restrooms.
Where is this office building located?
The property is located at 217 N Washington St Owosso, MI.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Approximately 15,986 SF multi‑story downtown commercial building with 12,416 SF currently leasable: 6,194 SF (1st) and 6,222 SF (2nd); Includes 3,570 SF 3rd‑floor storage space; currently accessed by stairs (elevator serves floors 1 & 2); Partially owner‑occupied (~9,000 SF) and partially tenant‑occupied (~3,000 SF) with long‑term tenants paying about $6.00/SF/year
