Restaurant Retail Building with
2250 E Main St Owosso, MI 48867
2250 E Main St, Owosso, MI, 48867
$549,900
For Sale
$549,900
Move-in-ready restaurant building with newer exterior systems and parking for about two dozen vehicles.
Property Size2,070 SF
Price / SF$265.65
Days on Market115
Property Features for 2250 E Main St
General Information
- Standard status
- Active
- Size
- 2,070 SF
- Property subtype
- Retail, Multifamily
Listing agency
American Associates REALTORS
(810) 691-4124
Listed by
Randall A. Haney · License #6502136257
(810) 691-4124
Source
Cpix.resimplifi
Added: Mar 30 Updated: Jul 22 at 5:50AM Checked: Jul 22 at 5:50AM
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 American Associates REALTORS
Investment Insights
Based on property information with market context.
This restored, move-in-ready commercial building is well suited for restaurant or other storefront operations. Updates include newer windows on the main floor, a newer roof, a newer porch and decking, updated plumbing, and a 400 amp electrical service. The property also features central air (installed 2022) and a furnace from 2018, along with double hot water heaters and a new well pump. The interior includes a basement with ample storage, a full attic, and an upstairs apartment.
The building sits on nearly 5 acres on the main, highly traveled M-21. A 25-foot driveway leads to a parking lot that accommodates about 23 to 24 cars.
The most recent use was an ice cream shop with drive-through pickup. The layout supports similar concepts such as a small restaurant, ice cream shop, coffee shop, or bakery.
The building sits on nearly 5 acres on the main, highly traveled M-21. A 25-foot driveway leads to a parking lot that accommodates about 23 to 24 cars.
The most recent use was an ice cream shop with drive-through pickup. The layout supports similar concepts such as a small restaurant, ice cream shop, coffee shop, or bakery.
Key Highlights
- About 5 acres right on M‑21 (highly traveled main road) in downtown Corunna, MI
- Restored building with newer windows (main floor) and newer roof, porch, and decking
- Updated plumbing plus 400‑amp electrical service, with furnace (2018) and central air (2022)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.0k | $15.48 |
| − Vacancy | −$1.3k | −$0.65 |
| EGI | $30.7k | $14.83 |
| − OpEx | −$9.2k | −$4.45 |
| NOI | $21.5k | $10.38 |
2,070 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$307.0K
$268.6K – $358.1K
NOI $21,488 @ 7.0% cap · market cap 3.91%
Second Best
Specialty Retail
$297.0K
$259.9K – $346.5K
NOI $20,791 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$394.7K
$345.3K – $460.4K
NOI $27,626 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Chill’n Parrot Ice ...
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Move-in-ready restaurant building with newer exterior systems and parking for about two dozen vehicles.
Where is this conventional restaurant located?
The property is located at 2250 E Main St Owosso, MI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: About 5 acres right on M‑21 (highly traveled main road) in downtown Corunna, MI; Restored building with newer windows (main floor) and newer roof, porch, and decking; Updated plumbing plus 400‑amp electrical service, with furnace (2018) and central air (2022)
