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    215 Water St Owosso, MI 48867

    Sponsored
    For Lease
    $16 SF/Yr

    Iconic downtown Owosso office space available.

    Lot size:
    27,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional commercial property, located at 215 N Water St, Owosso, MI 48867, offers a unique blend of modern amenities and historic charm. The three-building complex, totaling 27,000 square feet, sits on a 0.48-acre lot in the Central Business District and boasts a Class D designation. Originally constructed in 1915 and extensively renovated in 2017, this two-story building provides a variety of office spaces, from small, short-term cubicles (approximately 100 sq ft) to larger suites (up to 900 sq ft) with multiple offices and reception areas. Currently, 2,000 square feet of space is vacant. The property features attractive co-working and creative office spaces, perfect for a variety of businesses. Enjoy ample natural light in large conference rooms, a convenient balcony for breaks or gatherings, and other modern amenities. The building overlooks the Shiawassee River, offering a picturesque setting for your business. The property's APN is 050-470-000-002-00. This is an excellent opportunity to secure office space in a desirable downtown location. Multiple tenancy options are available to suit various business needs.

    Property Features for 215 Water St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    27,000 SF
    Class
    D
    Total Rate
    37575

    Building Details

    Year Built/Renovated
    1915/2017
    Buildings
    3
    Stories
    2

    Unit(s) available at that property

    Space
    G-1
    Size
    526 SF
    Rate per SF
    $22
    Space
    134
    Size
    94 SF
    Rate per SF
    $76
    Space
    124
    Size
    180 SF
    Rate per SF
    $46
    Space
    124-A
    Size
    969 SF
    Rate per SF
    $16
    Space
    Cubicles
    Size
    100 SF
    Rate per SF
    $36
    Space
    207
    Size
    214 SF
    Rate per SF
    $47
    Space
    200
    Size
    518 SF
    Rate per SF
    $23
    Property Profile Location Intelligence

    Current Use by Public Records

    Benefits Your Way Insurance Agency J&M Education-CPR,BLS,ACLS,PALS Emergency Training School Arc Shiawassee County ... Social Services Organization Kenneth Williams - Financial ... Financial Planner Downtown Owosso Farmers ... Farmers' Market

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Owosso
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.173186236594
    Latitude
    42.99848884855

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    FAQs

    What type of property is this?
    Office space - Iconic downtown Owosso office space available.
    Where is this office space located?
    The property is located at 215 Water St Owosso, MI.
    What is the lease rate?
    The lease rate is $16-$76 SF/Yr.
    Request Owner's contact information
    215 Water St Owosso, MI 48867
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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
    215 Water St Owosso, MI 48867
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