Mixed-Use Retail/Residential Building in West Town Owosso
Retail-Commercial
for Sale
| Catylist Listing ID: |
30835695 |
| Property Subtypes: |
Street Retail
|
| Building Size (RSF): |
7,200 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.12 Acres
|
| Sale Price: |
$375,000 |
| Unit Price: |
$52.08 PSF |
| Ceiling: |
12 ft. |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/1/2023 |
Overview / Comments
Mixed-use retail building in West Town, Owosso featuring 5,000 sf of retail on the main floor and four 1-bedroom/ 1-bath apartments on the upper level; all of which are currently occupied. The first-floor retail space currently features large retail floor, with office space in rear, rear entrance, and two overhead doors in the rear of the building. Retail space has the ability to be split into four separate spaces and already set up with separate panels and meters ready to go and 3 bathrooms. Basement that is dry and great for extra storage. 4/6 water heaters are newer.
Current tenant is relocating, providing a great opportunity for owner/user or investment retail property.
|
Additional Details
| Nearest MSA: |
Lansing-East Lansing |
| County: |
Shiawassee |
| Taxing Authority: |
City of Owosso |
| Tax ID/APN: |
050-660-014-006-00 |
| Zoning: |
B3-CENTBUS |
| Retail Clientele: |
General, Family |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
W. Main |
| Feet of Frontage: |
44 |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Year Built: |
1900 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,986 |
23,911 |
26,881 |
| Median Age: |
34.8 |
38.09 |
38.48 |
| Households: |
4,857 |
9,790 |
10,914 |
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