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    OFF-MARKET
    Lifestyle centers

    1560 Main St, Owosso, MI 48867

    76,476 SF 10 ac lot Built 1993
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail investment opportunity presents a 76,476 square foot shopping center strategically located at 1560 E Main St, Owosso, MI 48867, in the heart of Shiawassee County's retail corridor. The property boasts a prominent location with frontage on M-21, ensuring high visibility and accessibility. The center comprises two single-story buildings, totaling 76,476 square feet, constructed in 1993 and renovated in 2015. Currently, the center enjoys 75% occupancy, anchored by a Walmart and complemented by tenants including Harbor Freight and Dollar Tree. The property features ample surface parking for customer convenience. Building construction is block with flat roofs. Heating is provided by natural gas ceiling units, and cooling is achieved through package units. Municipal water and sewer services are in place. The property sits on a 10-acre lot (APN: 0071730000704) and is zoned B-2, offering flexibility for future development. Additional vacant land is included within the 10-acre parcel, presenting further expansion potential. This NNN-leased multi-tenant property offers a compelling investment opportunity in a thriving retail market. The property's strong tenant mix, prime location, and substantial land area make it an attractive prospect for investors seeking a stable and growing income stream.

    Property profile
    Verified
    Property type Lifestyle centers
    Year built 1993
    Total area 76,476 SF
    Lot 10 ac (435,600 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
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