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    OFF-MARKET
    Commercial real estate

    720 Chipman St, Owosso, MI 48867-3373

    0.2 ac lot
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US43-2189448
    Property summary
    AI-generated overview

    This exceptional 1,560 square foot commercial/mixed-use building is situated on a prominent corner lot at the intersection of Stewart and Chipman in Owosso, Michigan. Boasting a highly visible location on a busy street, this property presents a fantastic opportunity for a diverse range of businesses. The building features large storefront windows, providing excellent visibility and attracting potential customers. Ample parking is available in the sizable lot. Inside, you'll find a spacious showroom, a private back office, and a full bathroom. A full basement with a half-bath adds significant additional space. Recent significant investments exceeding $80,000 have been made in key building improvements, including flooring, walls, roof, electrical systems, and insulation. These upgrades ensure the property is in excellent condition and ready for immediate occupancy. The versatile layout makes it ideal for a variety of uses, such as a real estate office, insurance agency, car sales showroom, daycare center, or retail store. The property sits on a 0.2-acre lot. This turnkey operation is ready for its next chapter. Don't miss this chance to establish your business in a prime Owosso location.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.2 ac (8,712 SF)
    APN 050-113-008-001-00
    UPID US43-2189448
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Stephen Porubsky · 1 yrs held
    Stephen Porubsky
    since 2025
    Last sale
    $60,000
    4 recorded transactions
    2025
    $60,000
    2025
    $55,000
    2023
    2012
    $55,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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