Property profile

108 Chipman St Owosso, MI 48867

OFF-MARKET
Commercial real estate
Property ID
US43-2306915
2.6 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2.6 ac (113,256 SF)
APN 050-660-017-001-00
UPID US43-2306915

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Electrical Service General Contractor

Location

108 Chipman St Owosso, MI 48867-2029
Owosso metro Census 30600 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$860k

Owner & transaction history

since 2026
Last sale
$900,000
5 recorded transactions
2026
$900,000
2019
Price N/A
2016
$175,000
2013
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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