216 Comstock St, Owosso, MI 48867-3161
This single-story, 17,823-square-foot medical office building in Owosso, Michigan, presents a unique investment opportunity. Located at 216 E Comstock St, 48867, this Class C property sits on a 0.424-acre lot (APN: 050-300-000-001-00) and is zoned B3-CENTBUS. Built in 1988 and renovated in 1995, the building comprises three separate units. The western unit, totaling 4,700 square feet, is currently unfinished, offering significant potential for customization. The central unit, measuring 6,825 square feet, is a fully built-out physical therapy office. The eastern unit, spanning 6,460 square feet, is designed as a doctor's office, complete with 13 private patient rooms, a lead-lined x-ray room, and a procedure room accommodating up to four beds. This former McLaren medical building is vacant and offers an excellent opportunity for an owner-occupier to utilize the entire space or a portion, while leasing the remaining suites to other medical or retail tenants. The property's multi-tenant configuration provides flexibility and income potential. Serious inquiries are encouraged.
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Stacy N. Slade, PA Physician
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Allergy Cookingham Associates PC Medical Clinic
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Anderson Christy Employment Agency
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Malott Bethany E Employment Agency
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Mc Laren Family Care Center Family Counselor
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.