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    804 Main St Owosso, MI 48867

    Sponsored
    For Sale
    $399,000

    Prime Owosso retail building, two occupied units.

    Property size:
    6,608 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property, located at 804 W Main St, Owosso, MI 48867, presents a lucrative investment opportunity. The 6,608 square foot building sits on a single story and features two occupied retail spaces, currently generating income. One tenant holds a lease with escalations extending to 2028 at a monthly rent of $1,000, while the second tenant is on a month-to-month lease at $900 per month. The building boasts a beautifully remodeled interior, showcasing its industrial heritage with ample windows and garage doors. A convenient small courtyard area provides additional space ideal for outdoor seating, markets, or games. This property is situated in a walkable location, benefiting from proximity to surrounding neighborhoods. The asking price is $399,000, translating to $60.38 per square foot. The property's APN is 050-660-014-005-00. This is a multi-tenant property with one building and two units. The property is zoned for bar, restaurant, and storefront uses. This is a rare opportunity to acquire a well-located, income-producing commercial property in a thriving Michigan community.

    Property Features for 804 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,608 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • Completely renovated industrial building.
    • Two occupied retail spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tails of Joy Pet ... Pet Groomer

    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
    -84.182101985503
    Latitude
    42.997641158599

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    FAQs

    What type of property is this?
    Individual retail property - Prime Owosso retail building, two occupied units.
    Where is this individual retail property located?
    The property is located at 804 Main St Owosso, MI.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Completely renovated industrial building.; Two occupied retail spaces.;
    Request Owner's contact information
    804 Main St Owosso, MI 48867
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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
    804 Main St Owosso, MI 48867
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