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    1070 Main St Owosso, MI 48867

    Sponsored
    For Sale
    $495,000

    Historic Charm, Modern Updates, Vacant

    Property size:
    2,566 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional stand-alone office building, located at 1070 E Main St in Owosso, Michigan, presents a unique investment opportunity. Boasting 2,566 square feet across two stories, this Class B property offers a blend of historic character and modern functionality. Built in 1900 and renovated in 1990, the building features turn-key office space, including multiple private offices, restrooms, and a welcoming lobby area. Large windows throughout provide ample natural light, creating a bright and inviting atmosphere. The property sits on a highly visible location along the heavily trafficked M-21/E. Main Street corridor, ensuring excellent exposure. The building is currently vacant, providing immediate occupancy for a new owner or tenant. The asking price is $495,000, translating to $192.91 per square foot. The property's APN is 007-19-200-044. Owner financing options are available with a low down payment. This is an ideal opportunity for a business seeking a prominent location or an investor looking for a strong return. The property is categorized as both Creative and Traditional Office space, offering versatility for a range of potential uses. This is a rare chance to acquire a well-maintained, historically significant building in a thriving Michigan community.

    Property Features for 1070 Main St

    General Information

    Property type
    Office space
    Square Feet
    2,566 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1900/1990
    Buildings
    1
    Stories
    2

    HighLights

    • 2,566 SF Class B office building in Owosso, MI.
    • Located at 1070 E Main St, on a high‑traffic corridor (M‑21/E. Main St).
    • Two‑story building, built in 1900, renovated in 1990, offering turn‑key office space.
    • Currently vacant, offering immediate occupancy.
    • Asking price: $495,000 ($192.91/SF).
    • Owner financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    MAP Realty Real Estate Agency

    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
    -84.154105515471
    Latitude
    42.997672303791

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    FAQs

    What type of property is this?
    Office space - Historic Charm, Modern Updates, Vacant
    Where is this office space located?
    The property is located at 1070 Main St Owosso, MI.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 2,566 SF Class B office building in Owosso, MI.; Located at 1070 E Main St, on a high-traffic corridor (M-21/E. Main St).; Two-story building, built in 1900, renovated in 1990, offering turn-key office space.
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    1070 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
    1070 Main St Owosso, MI 48867
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