7008 M-52Owosso, MI 48867

For Sale
$195,000

High-return, multi-tenant property.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use investment opportunity in Owosso, Michigan, presents a compelling blend of commercial and residential income streams. Situated on a 1.1-acre lot at 7008 M-52, this property boasts two buildings totaling 3,698 square feet, built in 1960. The commercial building, offering 1,400 square feet of adaptable retail/office space, features an open area ideal for a showroom or lobby, a private office or conference room, a restroom, and storage. Currently, the property enjoys 50% occupancy with two tenants. Complementing the commercial space is a 1,900 square foot, four-bedroom, one-bathroom residential rental home, currently leased. The property's prime location on busy M-52, south of Owosso and minutes from I-69, provides convenient access to Owosso, Perry, Laingsburg, and surrounding communities. The asking price is $195,000, translating to $52.73 per square foot. The property's APN is 010-28-200-002-01. This is a rare opportunity to acquire a well-positioned, income-generating asset with significant upside potential. Ample surface parking is available. The property consists of two, two-story buildings.

Highlights

  • $195,000 asking price for a mixed-use investment property.
  • 3,698 square feet on a 1.1-acre lot in Owosso, MI.
  • Two buildings totaling 3,698 square feet, with two tenants and 50% occupancy.
  • Features a 1,900 SF residential rental unit (4 bed, 1 bath) and 1,798 SF of retail/office space.
  • Built in 1960, with two stories and ample surface parking.

Property Details for 7008 M-52

Property type
Other retail properties, Other mixed-use properties
Square Feet
3,698 SF
Year Built
1960
Buildings
2
Stories
2
Lot Size (sq. ft)
47,916 SF

Location Insight

City
Owosso
County
Shiawassee
State
Michigan
Latitude
42.892236346212
Longitude
-84.22188816191
7008 M-52, Owosso, Michigan

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at support@realmo.com and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.
7008 M-52
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message