Property summary
This exceptional industrial property, located at 108 N Chipman St, Owosso, MI 48867, presents a significant investment opportunity. The 26,447 square foot building sits on a fully fenced 2.6-acre lot and boasts a desirable location with convenient access to M-21 and M-52. Constructed in 1920 and renovated in 1993, this single-story structure features approximately 6,500 square feet of dedicated office space, ideal for administrative functions or tenant separation. The warehouse area includes two dock-high doors for efficient loading and unloading, a 12-foot ceiling height providing ample vertical space, and a trench floor drain for effective waste management. The property is zoned B3-CENTBUS and has the APN 050-660-017-001-00. Currently vacant, this property offers immediate occupancy and the potential for a variety of uses. The asking price is $649,000, translating to $24.54 per square foot. Interior photos are available upon request. This is a rare opportunity to acquire a substantial industrial property in a prime location.
Property profile
VerifiedCap rate & NOI
Current use
-
Electrical Service General Contractor
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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