Property profile

216 Comstock St Owosso, MI 48867

OFF-MARKET
Commercial real estate
Property ID
US43-2227368
0.42 ac lot
Individually Owned Free & Clear
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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

Current use

Occupant on record · Public records
  • Physician
  • Medical Clinic
  • Employment Agency
  • Employment Agency
  • Family Counselor

Location

216 Comstock St Owosso, MI 48867-3161
Owosso metro Census 30600 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
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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

since 2026
Last sale
$725,000
1 recorded transaction
2026
$725,000

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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