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Property profile & analytics
OFF-MARKET
Commercial real estate
901 Main St, Owosso, MI 48867-2516
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-2213064
Property summary
AI-generated overview
This 4,312 square foot retail building, located at 901 W Main St in Owosso, Michigan, presents a fantastic investment opportunity. Completely renovated in 2021, this single-story structure sits on a 0.133-acre lot (APN: 050-050-000-009-00) and is zoned B3-CENTBUS. The building boasts excellent street frontage on Main Street, with large windows providing optimal visibility. Ideal for a variety of uses, including convenience stores, pharmacies, or restaurants, the property offers ample street parking on adjacent S Lansing St. Its prime downtown location ensures high foot traffic and proximity to residential neighborhoods and the bustling business district. The asking price is $299,000, translating to $69.34 per square foot. Built in 1955, this property offers a blend of classic charm and modern updates, making it a truly exceptional retail space. Don't miss this chance to own a piece of Owosso's vibrant downtown.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.13 ac (5,663 SF)
APN
050-050-000-009-00
UPID
US43-2213064
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
-
Jars Dispensary Pharmacy
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
901 West Main LLC · 6 yrs held
901 West Main LLC
since 2019
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Owosso submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Owosso submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,132
Tax year 2024
Assessed value
$58,200
Assessed 2024
Previous assessed
$56,800
+2.5% YoY
Effective rate
5.38%
On assessed value
Total market value
$116,400
Applied tax rate
50.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.13 ac (5,663 SF)
APN
050-050-000-009-00
UPID
US43-2213064
Jurisdiction
SHIAWASSEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
901 West Main LLC
Entity
Free & Clear · 6 yrs held
Mailing address
400 HAMILTON ROW STE #300, BIRMINGHAM, MI 48009-3438
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2019
$77,000
901 West Main LLC
T E S Rentals LLC
Warranty Deed
—
Oct 9, 2014
—
Tes Rentals LLC
Simmington,thomas E
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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