208 Shiawassee St Owosso, MI 48867
- Commercial real estate
- 0.50 lot acres
Current Use by Public Records
- Nephrology & Internal Medicine: Hashish Yaseen A MD / Nephrologist
- Jennifer Lawson / Physician Assistant
- Greater Michigan Oral Surgeons & Dental Implant Center / Oral Surgeon
- Dr. Michael Higginbotham / Dentist / Practitioner Service Location
- Nephrology & Hypertension PC / Nephrologist / Medical Clinic
Property Details for 208 Shiawassee St
- Lot size
- 0.50 lot acres
- Property type
- Commercial real estate
- APN
- 050-120-005-005-00
- APU
- 5012000500500
Description
This exceptional two-story medical office building, totaling 6,000 square feet, presents a unique investment opportunity in the heart of Downtown Owosso. Built in 1993 and renovated in 1998, the property boasts a desirable location surrounded by residential areas, Owosso public schools, and Memorial Hospital, ensuring high visibility and convenient access. The building features two suites, currently with 3,000 square feet of vacant space, ideal for expansion or new tenants. The existing layout includes a spacious lobby with a large reception area, approximately ten patient rooms, a private office, and a dedicated restroom. Ample private parking is available for staff and patients. The second floor offers additional office or storage space, providing flexibility for various medical practices. The property's attractive brick exterior and convenient location make it an excellent choice for medical professionals seeking a well-established presence in a thriving community. The property's Assessed Parcel Numbers (APN) are 050-120-005-005-00 and 050-120-005-004-00, located in Shiawassee County. This turn-key opportunity is ready for immediate occupancy. The building's strategic location within the Downtown Owosso business district offers significant advantages for attracting patients and establishing a strong professional presence.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $595,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $620,000
- 6.5%
- $610,000
- 7%
- $575,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $695,000
- Geo Method
- $560,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $785,000
- Retail
- $760,000
- Mixed-Use
- $720,000
- Hospitality
- $740,000
- Educational
- $775,000
- Residential Income
- $690,000
- Energy
- $590,000
- Income-Based Land
- $650,000
- Food Service
- $790,000
Location Insight
- Map
- Local Demand
- City
- Owosso
- County
- Shiawassee
- State
- Michigan
- Longitude
- -84.1765
- Latitude
- 42.999
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
