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    204 Main St Owosso, MI 48867

    Sponsored
    For Sale
    $525,000

    High-traffic, fully occupied investment

    Property size:
    10,369 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This two-story, 10,369 square foot commercial building is located in downtown Owosso, Michigan, at 204 W Main St (M-21). Built in 1890, this Class D property features a creative office subtype and is currently 100% occupied by a single tenant under a modified lease expiring January 30, 2023. The building boasts excellent visibility due to its Main Street frontage in a high-traffic area. It offers both front and rear entrances for convenient access. A city parking lot is conveniently located directly behind the building, supplementing limited street parking. The property sits on a 0.12-acre lot (APN: 050-470-023-003-00) and is zoned B3. The asking price is $525,000, representing a $50.63 per square foot price and a 10% cap rate. The building consists of one structure with two stories and two units. This presents a compelling investment opportunity in a vibrant downtown location.

    Property Features for 204 Main St

    General Information

    Property type
    Neighborhood centers
    Square Feet
    10,369 SF
    Class
    D
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1890
    Buildings
    1
    Stories
    2
    Units
    2

    HighLights

    • Downtown Owosso location.
    • Main Street/M‑21 frontage.
    • 100% occupied.
    • First‑floor retail space.
    • Excellent visibility from high‑traffic location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Round Midnight Records Record Store Taphouse Specialty Meat ... Butcher Shop

    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
    -84.1723081
    Latitude
    42.9978348

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic, fully occupied investment
    Where is this neighborhood center located?
    The property is located at 204 Main St Owosso, MI.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Downtown Owosso location.; Main Street/M-21 frontage.; 100% occupied.
    Request Owner's contact information
    204 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
    204 Main St Owosso, MI 48867
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