7008 M-52 Owosso, MI 48867
- Retail properties
- 3,698 SF
- 1.10 lot acres
Current Use by Public Records
- Retail properties
Property Details for 7008 M-52
- Year built
- 1960
- Lot size
- 1.10 lot acres
- Property size
- 3,698 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use investment opportunity in Owosso, Michigan, presents a compelling blend of commercial and residential income streams. Situated on a 1.1-acre lot at 7008 M-52, this property boasts two buildings totaling 3,698 square feet, built in 1960. The commercial building, offering 1,400 square feet of adaptable retail/office space, features an open area ideal for a showroom or lobby, a private office or conference room, a restroom, and storage. Currently, the property enjoys 50% occupancy with two tenants. Complementing the commercial space is a 1,900 square foot, four-bedroom, one-bathroom residential rental home, currently leased. The property's prime location on busy M-52, south of Owosso and minutes from I-69, provides convenient access to Owosso, Perry, Laingsburg, and surrounding communities. The asking price is $195,000, translating to $52.73 per square foot. The property's APN is 010-28-200-002-01. This is a rare opportunity to acquire a well-positioned, income-generating asset with significant upside potential. Ample surface parking is available. The property consists of two, two-story buildings.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Owosso
- County
- Shiawassee
- State
- Michigan
- Longitude
- -84.2219
- Latitude
- 42.8922
