Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2005 Main St Owosso, MI 48867

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Newly renovated, high-traffic location.

    Lot size:
    1,622 SF

    Property Features for 2005 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,622 SF
    Total Rate
    16220

    Building Details

    Year Built
    1938
    Buildings
    1

    Spaces For Lease

    at 2005 Main St, Owosso, MI 48867 Contact us
    Unit

    $120 /Mo

    Size
    1,622 SF
    Contact us

    We can help!

    Listing Contact
    Adam Bronson
    Adam Bronson

    Listing Agency: Woodworth Commercial - Bronson Listing Agent: Adam Bronson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 1,622 square foot free-standing office/retail building is situated on a 0.358-acre lot at 2005 E Main St, Owosso, MI 48867. Built in 1938 and boasting a single tenancy, the property offers a newly renovated interior featuring multiple private offices, a spacious open room/lobby area, and ample room for numerous workstations. Its prime location on busy M-21 provides excellent visibility and accessibility. The property benefits from its proximity to major retailers such as Home Depot and several car dealerships, ensuring high foot traffic and strong brand recognition potential. The property's APN is 007-16-300-013. This versatile space is ideal for a variety of businesses, including insurance agencies, salons, studios, and more. The entire building is currently vacant, presenting a unique opportunity for immediate occupancy. This is a rare chance to acquire a well-located, renovated commercial property in a thriving Michigan community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pink Whiskey Boutique Clothing Store Belle ame Salon ... Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Owosso
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.127276406544
    Latitude
    42.998265836494

    Nearby Similar for Lease

    • $14 SF/Yr

      Downtown Retail/Restaurant Opportunity

      Prime downtown location with high traffic, build to suit.
      344 W Main St, Owosso, MI 48867
      View Details
    • $4,000 /Mo

      Versatile Commercial Space for Rent

      14,000 sq ft space with bay doors and loading dock.
      2170 W M-21 St, Owosso, MI 48867
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space in Primary Corridor

      Retail space in a high-traffic area near Wal-Mart.
      1351-1361 E M 21, Owosso, MI 48867
      View Details
    • Contact for pricing
      11,700 SF

      Retail Space in Primary Corridor

      Retail space available in high-traffic Owosso location.
      1311-1501 East Main St, Owosso, MI 48867
      View Details
    • $16 SF/Yr
      15,973 SF

      Updated Office Space by River

      Move-in ready office campus with modern upgrades and ample parking.
      621 W Oliver St, Owosso, MI 48867
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Primary Corridor

      Retail space available in high-traffic Owosso location.
      1475-1501 E Main St, Owosso, MI 48867
      View Details
    • $10 SF/Yr
      6,608 SF

      Main Street Owosso Commercial Space

      Prime Owosso retail/restaurant space. High-visibility location.
      804 Main St, Owosso, MI 48867
      View Details
    • $18 SF/Yr
      6,000 SF

      Downtown Owosso Medical Office Building

      Prime Medical Office Space - Owosso
      208 Shiawassee St, Owosso, MI 48867
      View Details
    • $12 SF/Yr
      10,824 SF

      Downtown Owosso Retail Opportunity

      Three Suites, High-Traffic Location
      200 Main St, Owosso, MI 48867
      View Details
    • $5 SF/Yr
      84,664 SF

      Owosso Industrial Property - 84,664 SF

      Spacious Michigan manufacturing/warehouse. Excellent location & features.
      201 Delaney Rd, Owosso, MI 48867
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Newly renovated, high-traffic location.
    Where is this office property / space located?
    The property is located at 2005 Main St Owosso, MI.
    What is the lease rate?
    The lease rate is $120 SF/Yr.
    What are key features of this property?
    This property features: 1,622 SF free-standing office/retail building on a 0.358-acre lot at 2005 E Main St, Owosso, MI 48867.; Newly renovated interior with multiple private offices, open lobby, and ample workstation space.; Excellent visibility and accessibility on busy M-21, near Home Depot and car dealerships.
    (989) 723-3711 Call to check price and availability
    Request Owner's contact information
    2005 Main St Owosso, MI 48867
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2005 Main St
    Owosso, MI 48867
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2005 Main St Owosso, MI 48867
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Adam Bronson
    Adam Bronson
    Real Estate License ID: 6501425950
    (989) 723-3711
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!