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    Property profile & analytics

    720 Chipman St Owosso, MI 48867

    • Commercial real estate
    • 0.20 lot acres
    For Sale
    View listing
    $80,000
    Value Estimation
    Last Sale
    Apr 17, 2025
    $60,000
    Location Intelligence
    Property ID
    US43-2189448
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 720 Chipman St

    Lot size
    0.20 lot acres
    Property type
    Commercial real estate
    APN
    050-113-008-001-00
    APU
    5011300800100

    Description

    This exceptional 1,560 square foot commercial/mixed-use building is situated on a prominent corner lot at the intersection of Stewart and Chipman in Owosso, Michigan. Boasting a highly visible location on a busy street, this property presents a fantastic opportunity for a diverse range of businesses. The building features large storefront windows, providing excellent visibility and attracting potential customers. Ample parking is available in the sizable lot. Inside, you'll find a spacious showroom, a private back office, and a full bathroom. A full basement with a half-bath adds significant additional space. Recent significant investments exceeding $80,000 have been made in key building improvements, including flooring, walls, roof, electrical systems, and insulation. These upgrades ensure the property is in excellent condition and ready for immediate occupancy. The versatile layout makes it ideal for a variety of uses, such as a real estate office, insurance agency, car sales showroom, daycare center, or retail store. The property sits on a 0.2-acre lot. This turnkey operation is ready for its next chapter. Don't miss this chance to establish your business in a prime Owosso location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $55,000

    • CAP approach

      CAP return
      Estimation
      6%
      $45,000
      6.5%
      $45,000
      7%
      $45,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $45,000
      Geo Method
      $45,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $45,000
      Retail
      $35,000
      Mixed-Use
      $40,000
      Hospitality
      $45,000
      Educational
      $45,000
      Residential Income
      $45,000
      Energy
      $50,000
      Income-Based Land
      $40,000
      Food Service
      $50,000

    Location Insight

    • Map
    • Local Demand
    City
    Owosso
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.187
    Latitude
    42.9907
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $1,757
    $0.00
    $0.00
    $38,700
    -
    $0.00
    $0.00
    $77,400

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    720 Chipman St
    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
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