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    100 Washington St Owosso, MI 48867

    For Sale
    $550,000

    4-Story Building, High Potential

    Property size:
    4,791 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional four-story mixed-use building presents a compelling investment opportunity in Owosso, Michigan's vibrant downtown. Located at 100 N Washington St, this corner property boasts 4,791 square feet of space, offering a unique blend of creative office, storefront, and traditional office potential. The building features large windows on each floor, maximizing natural light. Currently at 10% occupancy, this property offers significant upside potential for a savvy investor. The building sits on a 0.11-acre lot and is zoned B3-CENTBUS, opening doors to a variety of uses. Its prime location in an Opportunity Zone provides access to various grants and rehabilitation programs, further enhancing its redevelopment potential. The property's assessed parcel number (APN) is 050-470-021-013-00. With its substantial square footage and flexible zoning, this building is ideal for adaptive reuse and offers a rare chance to shape the future of Owosso's downtown landscape. The asking price is $550,000, translating to $114.80 per square foot. This represents a significant opportunity for investors seeking a high-return property in a rapidly developing area. The building's four stories provide ample space for a variety of uses, and its prominent corner location ensures high visibility and accessibility. Don't miss this chance to acquire a landmark property in a thriving Michigan community.

    Property Features for 100 Washington St

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,791 SF
    Lot Size
    4,792 SF

    Building Details

    Buildings
    1
    Stories
    4

    HighLights

    • $550,000 asking price for a mixed‑use property.
    • 4,791 square feet, priced at $114.80 per square foot.
    • 10% occupancy rate in a four‑story building.
    • Located in Owosso, MI, at 100 N Washington St, in the B3‑CENTBUS zoning district.
    • Situated on a 0.11‑acre lot with APN 050‑470‑021‑013‑00.
    • Located in an Opportunity Zone, offering potential grant and rehabilitation opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Edward Jones - Financial ... Investment Service

    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
    -84.170626127451
    Latitude
    42.997490759245

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    FAQs

    What type of property is this?
    Individual retail property - 4-Story Building, High Potential
    Where is this individual retail property located?
    The property is located at 100 Washington St Owosso, MI.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: $550,000 asking price for a mixed-use property.; 4,791 square feet, priced at $114.80 per square foot.; 10% occupancy rate in a four-story building.
    Request Owner's contact information
    100 Washington 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
    100 Washington St Owosso, MI 48867
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