1560 Main St Owosso, MI 48867
- Lifestyle centers
- 76,476 SF
- 10.00 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 1560 Main St
- Year built
- 1993
- Lot size
- 10.00 lot acres
- Property size
- 76,476 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
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
- -84.1399
- Latitude
- 42.9978
