108 Chipman St, Owosso, MI 48867-2029
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.
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Meyer Electric, Inc. Electrical Service General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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