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Multi-Story Office Building
For Sale
$529,000

217 N Washington Street, Owosso, MI 48869

Commercial, Owosso, MI

Property Size15,986 SF
Lot Size0.15 Acres
Price / SF$42.61
Days on Market97

Property Features for 217 N Washington Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning description Commercial
Parking features Parking Lot
Exterior features Brick
Lot features Office Center
Directions Between E Mason & N Washington
Subdivision Shiawassee
Standard status Active
Size 12,416 SF
Lot size 0.15 Acres

Taxes and HOA fees

Tax Description S 22' OF LOT 1 AND N 29'4" LOT 4 BLK 15 ORIGINAL PLAT ALSO ADJ 2' OF N-S ALLEY IN BLK 15
Tax Annual Amount 13469
Legal Description S 22' OF LOT 1 AND N 29'4" LOT 4 BLK 15 ORIGINAL PLAT ALSO ADJ 2' OF N-S ALLEY IN BLK 15

Building Details

Building materials Brick
Listing Agency: Tamarack Realty Services
Listed By: Robert Lentz · License #6504431786
Added: Jun 22 Changed: Aug 24 Last Checked: Sep 26 at 4:06AM
MLS# 1946961

Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multi-story brick office building at 217 N Washington Street contains approximately 15,986 square feet overall, including 12,416 square feet of leasable space and a 3,570-square-foot third floor used for storage. The first and second floors provide 6,194 and 6,222 square feet, respectively. An elevator serves floors 1 and 2, while the third floor is reached by stairs. Flooring was updated in 2022, and the restrooms were renovated in 2026.

The property is partially occupied by the owner and partially leased to tenants, with approximately 9,000 square feet owner-occupied and approximately 3,000 square feet tenant-occupied. Public parking is available along Washington Street and in a city-owned lot directly behind the building. The third floor may offer conversion potential through programs identified in the property information, including DRRP, MCRP, RAP, and MI Neighborhoods.

Key Highlights

  • Approximately 15,986 square feet across three floors
  • 12,416 SF of leasable space: 6,194 SF on the first floor and 6,222 SF on the second
  • Third floor includes 3,570 SF currently used for storage

Property Analytics

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Current Use

Shiawassee Association of Realtors Charitable Organization Shiawassee Community Foundation Charitable Organization Demis & Wenzlick: Wenzlick ... Accounting Firm Andrews Hooper Pavlik ... Accounting Firm Demis & Wenzlick PC Accounting Firm

Suggested Use

Top Pick Parking Lot & Garage Furniture & Home Goods HVAC Service (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Daycare 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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,098
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 building - Brick office property with elevator service to the first and second floors and public parking nearby.
Where is this office building located?
The property is located at 217 N Washington Street Owosso, MI.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Approximately 15,986 square feet across three floors; 12,416 SF of leasable space: 6,194 SF on the first floor and 6,222 SF on the second; Third floor includes 3,570 SF currently used for storage
More about this property
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