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    216 Comstock St Owosso, MI 48867

    Sponsored
    For Sale
    $800,000

    17,823 SF Multi-Tenant Medical Building

    Property size:
    17,823 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This single-story, 17,823-square-foot medical office building in Owosso, Michigan, presents a unique investment opportunity. Located at 216 E Comstock St, 48867, this Class C property sits on a 0.424-acre lot (APN: 050-300-000-001-00) and is zoned B3-CENTBUS. Built in 1988 and renovated in 1995, the building comprises three separate units. The western unit, totaling 4,700 square feet, is currently unfinished, offering significant potential for customization. The central unit, measuring 6,825 square feet, is a fully built-out physical therapy office. The eastern unit, spanning 6,460 square feet, is designed as a doctor's office, complete with 13 private patient rooms, a lead-lined x-ray room, and a procedure room accommodating up to four beds. This former McLaren medical building is vacant and offers an excellent opportunity for an owner-occupier to utilize the entire space or a portion, while leasing the remaining suites to other medical or retail tenants. The property's multi-tenant configuration provides flexibility and income potential. Serious inquiries are encouraged.

    Property Features for 216 Comstock St

    General Information

    Property type
    Medical offices
    Square Feet
    17,823 SF
    Class
    C
    Lot Size
    18,469 SF

    Building Details

    Year Built/Renovated
    1988/1995
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • $800,000 asking price for a vacant, 17,823 square foot multi‑tenant medical office building.
    • Located at 216 E Comstock St, Owosso, MI 48867, on a 0.424‑acre lot.
    • Features three units totaling 17,823 square feet in a single, one‑story building.
    • Building includes a 4,700 SF unfinished unit, a 6,825 SF unit built out as physical therapy space, and a 6,460 SF unit with 13 exam rooms, an x‑ray room, and a procedure room.
    • Property is classified as Class C, built in 1988 and renovated in 1995, with B3‑CENTBUS zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stacy N. Slade, ... Doctor Allergy Cookingham Associates ... Medical Clinic Anderson Christy Nursing Agency Malott Bethany E Nursing Agency Mc Laren Family ... Family Counselor

    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
    -84.16854614
    Latitude
    42.99656732

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    FAQs

    What type of property is this?
    Medical office - 17,823 SF Multi-Tenant Medical Building
    Where is this medical office located?
    The property is located at 216 Comstock St Owosso, MI.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: $800,000 asking price for a vacant, 17,823 square foot multi-tenant medical office building.; Located at 216 E Comstock St, Owosso, MI 48867, on a 0.424-acre lot.; Features three units totaling 17,823 square feet in a single, one-story building.
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    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
    216 Comstock St Owosso, MI 48867
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