720 Chipman St, Owosso, MI 48867-3373
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.
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.