710 Chipman St Owosso, MI 48867
- Commercial real estate
- 1,500 SF
- 0.31 lot acres
Current Use by Public Records
- Owosso Hitch & Plow Center Inc / Lawn Mower Store
Property Details for 710 Chipman St
- Lot size
- 0.31 lot acres
- Property size
- 1,500 SF
- Property type
- Commercial real estate
Description
This exceptional commercial property in Owosso, Michigan, presents a unique investment opportunity. Located at 710 S. CHIPMAN STREET, 48867, this 0.31-acre lot features a 1,500 square foot building suitable for a variety of special purpose uses. The asking price is $580,000, representing a significant price adjustment. A land contract is available for the land and building, requiring a $45,000 down payment, 6% interest, and a 7-year balloon payment on a 30-year amortization schedule, plus taxes and insurance. Included in the sale to a qualified buyer are a profit and loss statement, inventory list, and client list. The estimated inventory value is $350,000. The sale also includes a welder, MIG welder, torches, plasma cutter, metal band saw, drill press, forklift, semi-storage trailer, and 3-phase power at the building (but not inside the building). Three-phase power is available at the building. This turnkey operation offers immediate potential for a new owner. The property's strategic location in Shiawassee County provides excellent access to local transportation networks. This is a rare opportunity to acquire a well-established business with significant assets.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Owosso
- County
- Shiawassee
- State
- Michigan
- Longitude
- -84.1869501
- Latitude
- 42.9912384
