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

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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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