Multi-Use Automotive and Office
727-731 Main Street Owosso, MI 48867
727-731 Main Street, Owosso, MI, 48867
$900,000
For Sale
$900,000
Three parcels include an auto repair/auto sales building, an office with an upstairs rental unit, and an included vacant lot.
Property Size4,634 SF
Price / SF$194.22
Days on Market91
Property Features for 727-731 Main Street
General Information
- Standard status
- Active
- Size
- 4,634 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1959
Listing agency
Richard Selleck Agency
(989) 725-2188
Listed by
Mike Selleck · License #650210427
(989) 725-2188
Source
Homesforsaleinmich
Added: Apr 23 Updated: Jul 22 at 3:22AM Checked: Jul 22 at 3:22AM
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 Richard Selleck Agency
Investment Insights
Based on property information with market context.
This for-sale offering includes three parcels along M-21, comprising multiple multi-use buildings and a vacant lot included with the sale. One building at 731 W. Main St. is used for auto repair and auto sales and contains 2,522 sq. ft. Another building at 737 W. Main St. provides office space with a two-bedroom rental unit upstairs and is 2,112 sq. ft. The property also includes a vacant lot east of 731 W. Main St., and all three parcels are listed together under the provided tax information.
The assemblage totals 727 W. Main St., 731 W. Main St., and 737 W. Main St. with plenty of parking noted in the remarks. The three parcel identifiers provided are 050-660-018-012-00, 050-660-018-014-00, and 050-660-018-017-00.
The combined site offers a mix of automotive use and office with residential space above, supported by on-site parking and multiple structures across the three included parcels.
The assemblage totals 727 W. Main St., 731 W. Main St., and 737 W. Main St. with plenty of parking noted in the remarks. The three parcel identifiers provided are 050-660-018-012-00, 050-660-018-014-00, and 050-660-018-017-00.
The combined site offers a mix of automotive use and office with residential space above, supported by on-site parking and multiple structures across the three included parcels.
Key Highlights
- Three parcels along M‑21: 731 W. Main St (2,522 SF) for auto repair/auto sales
- 737 W. Main St includes 2,112 SF office space with a 2‑bedroom rental unit upstairs
- Vacant lot east of 731 W. Main St included in the sale
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 | $71.7k | $15.48 |
| − Vacancy | −$3.0k | −$0.65 |
| EGI | $68.7k | $14.83 |
| − OpEx | −$20.6k | −$4.45 |
| NOI | $48.1k | $10.38 |
4,634 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$687.2K
$601.3K – $801.8K
NOI $48,105 @ 7.0% cap · market cap 5.35%
Second Best
Office B
$660.8K
$578.2K – $770.9K
NOI $46,253 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$883.5K
$773.1K – $1.03M
NOI $61,844 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Gaffner Towing & Recovery — 1225 W Stewart St, Owosso, MI 48867
- Sound Off Customs — 718 S Chipman St b, Owosso, MI 48867
- Frolka Auto Services — 802 S Shiawassee St, Owosso, MI 48867
- Stewart Street Auto & Tire — 1225 W Stewart St, Owosso, MI 48867
- Back Country Motorsports — 605 S Washington St, Owosso, MI 48867
FAQs
What type of property is this?
Auto shop - Three parcels include an auto repair/auto sales building, an office with an upstairs rental unit, and an included vacant lot.
Where is this auto shop located?
The property is located at 727-731 Main Street 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: Three parcels along M‑21: 731 W. Main St (2,522 SF) for auto repair/auto sales; 737 W. Main St includes 2,112 SF office space with a 2‑bedroom rental unit upstairs; Vacant lot east of 731 W. Main St included in the sale
