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    200 Main St Owosso, MI 48867

    Sponsored
    For Sale
    $439,000

    10,824 SF Retail/Office, Vacant, $439K

    Property size:
    10,824 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use building presents a prime investment opportunity in the heart of Owosso's Central Business District. Located on the corner of West Main Street and North Ball Street, this two-story, 10,824 square foot property boasts three street-level retail suites, currently vacant, offering immediate potential for lease income. The second floor, previously used as office space, provides versatile space adaptable to various needs. Built in 1890, the building sits on a 0.05-acre lot and is zoned CBD, allowing for a range of commercial uses. Ample street parking is available on both Main and Ball Streets, with a convenient city parking lot situated directly behind the building. The property's prominent location and substantial square footage make it an ideal investment for both established businesses and new ventures seeking a high-visibility presence in a thriving downtown area. The property's Assessed Property Number (APN) is 020-82-007-000-00. This is a rare opportunity to acquire a substantial, well-located commercial property in a desirable Michigan city. The asking price is $439,000.

    Property Features for 200 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,824 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1890
    Buildings
    1
    Stories
    2

    HighLights

    • $439,000 asking price for this vacant retail storefront.
    • 10,824 square feet in a 2‑story building on a 0.05‑acre lot.
    • Located at 200 W Main St, Owosso, MI 48867, in the CBD with excellent corner visibility.
    • Three street‑level retail suites and a second‑story currently used as office space, adaptable to various needs.
    • Built in 1890, with ample street parking and a nearby city parking lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    JARS Cannabis - Owosso Cannabis Store Owosso Community Outreach ... Charity

    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
    -84.172012504672
    Latitude
    42.997655080269

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    FAQs

    What type of property is this?
    Individual retail property - 10,824 SF Retail/Office, Vacant, $439K
    Where is this individual retail property located?
    The property is located at 200 Main St Owosso, MI.
    What is the asking price?
    The asking price for this property is $439,000.
    What are key features of this property?
    This property features: $439,000 asking price for this vacant retail storefront.; 10,824 square feet in a 2-story building on a 0.05-acre lot.; Located at 200 W Main St, Owosso, MI 48867, in the CBD with excellent corner visibility.
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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
    200 Main St Owosso, MI 48867
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