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    901 Main St Owosso, MI 48867

    Sponsored
    For Sale
    $299,000

    High-traffic corner location, vacant, renovated 2021

    Property size:
    4,312 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 4,312 square foot retail building, located at 901 W Main St in Owosso, Michigan, presents a fantastic investment opportunity. Completely renovated in 2021, this single-story structure sits on a 0.133-acre lot (APN: 050-050-000-009-00) and is zoned B3-CENTBUS. The building boasts excellent street frontage on Main Street, with large windows providing optimal visibility. Ideal for a variety of uses, including convenience stores, pharmacies, or restaurants, the property offers ample street parking on adjacent S Lansing St. Its prime downtown location ensures high foot traffic and proximity to residential neighborhoods and the bustling business district. The asking price is $299,000, translating to $69.34 per square foot. Built in 1955, this property offers a blend of classic charm and modern updates, making it a truly exceptional retail space. Don't miss this chance to own a piece of Owosso's vibrant downtown.

    Property Features for 901 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    4,312 SF
    Lot Size
    5,793 SF

    Building Details

    Year Built
    1955
    Buildings
    1
    Stories
    1

    HighLights

    • High‑visibility corner retail space in downtown Owosso.
    • Abundant natural light from expansive storefront windows.
    • Prime Main Street frontage with strong pedestrian traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jars Dispensary Pharmacy

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Owosso
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.18308522931
    Latitude
    42.997659411914

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    FAQs

    What type of property is this?
    Restaurant - High-traffic corner location, vacant, renovated 2021
    Where is this restaurant located?
    The property is located at 901 Main St Owosso, MI.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: High-visibility corner retail space in downtown Owosso.; Abundant natural light from expansive storefront windows.; Prime Main Street frontage with strong pedestrian traffic.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    901 Main St Owosso, MI 48867
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