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    Property profile & analytics
    OFF-MARKET Estimated value $900,000
    Commercial real estate

    108 Chipman St, Owosso, MI 48867-2029

    2.6 ac lot
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-2306915
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Meyer Electric, Inc. Electrical Service General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $900k
    Owner & transaction history
    Jabb Management LLC
    Jabb Management LLC
    since 2026
    Last sale
    $900,000
    5 recorded transactions
    2026
    $900,000
    2019
    2016
    $175,000
    2013
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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