Established Mixed Use Property in Downtown Owosso

Retail-Commercial for Sale
Catylist Listing ID: 30760895
Property Subtypes: Mixed Use
Building Size (RSF): 10,208 SF
Gross Building Area: See Agent
Gross Land Area: 0.12 Acres
Sale Price: $795,000
Unit Price: $77.88 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 11.13%
Last Updated: 4/27/2022

Overview / Comments

Mixed use building in downtown Owosso, with frontage on W Main Street. Retail suites are currently occupied by Radio Shack and O'Maries Frozen Yogurt and Desserts. Second story currently rented out as AirBnB, but able to be rented as long-term apartments. Located in the heart of downtown Owosso with frontage on W. Main Street.


Finance Data Year 2021
Real Estate Taxes - Annual($) $11,788 (Annual)
Potential Rental Income $130,800 (Annual)
Gross Operating Income $42,308 (Annual)
Net Operating Income $88,492 (Annual)

Additional Details

Nearest MSA: Lansing-East Lansing
County: Shiawassee
Taxing Authority: City of Owosso
Tax ID/APN: 050-470-023-007-00
Zoning: B3
Property Visibility: Excellent
Largest Nearby Street: W Main Street
Feet of Frontage: 44
Tenancy: Multiple Tenants
Number of Stories: 2

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,902 24,597 27,987
Median Age: 34.99 37.94 38.65
Households: 6,007 10,006 11,374
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.