115 Main StOwosso, MI 48867

For Sale
$449,000

Mixed-use building, high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional three-story mixed-use building, located at 115 E Main St in Owosso, Michigan (48867), presents a compelling investment opportunity. Boasting 6,600 square feet, this property, built in 1880, offers a blend of commercial and residential space. The ground floor features one street-level commercial space, currently leased. Upstairs, four apartments provide consistent rental income: three are two-bedroom, one-bathroom units, and one is a one-bedroom, one-bathroom unit. The building currently generates a gross monthly rental income of $4,250. A detailed profit and loss statement/proforma is available upon request. Significant recent improvements include a new sewer system, updated plumbing, and updated appliances in all residential units. The asking price is $449,000, translating to $68.03 per square foot. The property's APN is 050-470-021-016-00. This turn-key investment property offers a strong return on investment with its established tenancy and recent upgrades. The prime downtown Owosso location ensures high visibility and accessibility. Serious inquiries are encouraged.

Highlights

  • Exceptional three-story mixed-use building in downtown Owosso, MI.
  • 6,600 square feet, built in 1880, with a blend of commercial and residential space.
  • Ground floor features one leased commercial space; upstairs has four apartments (three 2-bed/1-bath, one 1-bed/1-bath).
  • Generating $4,250 gross monthly rental income.
  • Recent improvements include new sewer system, updated plumbing, and updated appliances.
  • Asking price: $449,000 ($68.03/SF); APN: 050-470-021-016-00.

Property Details for 115 Main St

Property type
Other retail properties, Other investment properties
Square Feet
6,600 SF
Year Built
1880
Stories
3

Location Insight

City
Owosso
County
Shiawassee
State
Michigan
Latitude
42.997482473274
Longitude
-84.169895866287
115 Main St, Owosso, Michigan

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115 Main St
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