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    1560 Main St Owosso, MI 48867

    Sponsored
    For Sale
    Contact for pricing

    High-traffic retail center, prime location.

    Property size:
    76,476 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail investment opportunity presents a 76,476 square foot shopping center strategically located at 1560 E Main St, Owosso, MI 48867, in the heart of Shiawassee County's retail corridor. The property boasts a prominent location with frontage on M-21, ensuring high visibility and accessibility. The center comprises two single-story buildings, totaling 76,476 square feet, constructed in 1993 and renovated in 2015. Currently, the center enjoys 75% occupancy, anchored by a Walmart and complemented by tenants including Harbor Freight and Dollar Tree. The property features ample surface parking for customer convenience. Building construction is block with flat roofs. Heating is provided by natural gas ceiling units, and cooling is achieved through package units. Municipal water and sewer services are in place. The property sits on a 10-acre lot (APN: 0071730000704) and is zoned B-2, offering flexibility for future development. Additional vacant land is included within the 10-acre parcel, presenting further expansion potential. This NNN-leased multi-tenant property offers a compelling investment opportunity in a thriving retail market. The property's strong tenant mix, prime location, and substantial land area make it an attractive prospect for investors seeking a stable and growing income stream.

    Property Features for 1560 Main St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    76,476 SF
    Lot Size
    435,600 SF

    Building Details

    Year Built/Renovated
    1993/2015
    Buildings
    2
    Stories
    1

    HighLights

    • 76,476 SF shopping center on 10 acres in Owosso, MI.
    • Flat roof, block construction.
    • Ample surface parking.
    • Natural gas ceiling unit heating and package unit cooling.
    • Municipal water and sewer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness 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
    -84.1399205
    Latitude
    42.9978381

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail center, prime location.
    Where is this lifestyle center located?
    The property is located at 1560 Main St Owosso, MI.
    What are key features of this property?
    This property features: 76,476 SF shopping center on 10 acres in Owosso, MI.; Flat roof, block construction.; Ample surface parking.
    Request Owner's contact information
    1560 Main 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
    1560 Main St Owosso, MI 48867
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