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    Property profile & analytics
    OFF-MARKET Estimated value $725,000
    Commercial real estate

    216 Comstock St, Owosso, MI 48867-3161

    0.42 ac lot
    Individually Owned Free & Clear
    Property ID
    US43-2227368
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.42 ac (18,295 SF)
    APN 050-300-000-001-00
    UPID US43-2227368
    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
    • Stacy N. Slade, PA Physician
    • Allergy Cookingham Associates PC Medical Clinic
    • Anderson Christy Employment Agency
    • Malott Bethany E Employment Agency
    • Mc Laren Family Care Center Family Counselor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $725k
    Owner & transaction history
    Great Lakes Bay Health Centers
    Great Lakes Bay Health Centers
    since 2026
    Last sale
    $725,000
    1 recorded transaction
    2026
    $725,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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