100 N Washington St Owosso, MI 48867
For Sale
1 / 4
This exceptional four-story mixed-use building presents a compelling investment opportunity in Owosso, Michigan's vibrant downtown. Located at 100 N Washington St, this corner property boasts 4,791 square feet of space, offering a unique blend of creative office, storefront, and traditional office potential. The building features large windows on each floor, maximizing natural light. Currently at 10% occupancy, this property offers significant upside potential for a savvy investor. The building sits on a 0.11-acre lot and is zoned B3-CENTBUS, opening doors to a variety of uses. Its prime location in an Opportunity Zone provides access to various grants and rehabilitation programs, further enhancing its redevelopment potential. The property's assessed parcel number (APN) is 050-470-021-013-00. With its substantial square footage and flexible zoning, this building is ideal for adaptive reuse and offers a rare chance to shape the future of Owosso's downtown landscape. The asking price is $550,000, translating to $114.80 per square foot. This represents a significant opportunity for investors seeking a high-return property in a rapidly developing area. The building's four stories provide ample space for a variety of uses, and its prominent corner location ensures high visibility and accessibility. Don't miss this chance to acquire a landmark property in a thriving Michigan community.
-
Edward Jones - Financial Advisor: Audrey J Salander Financial Advisor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.