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About the Listing 95646 - NGL-C00497
Exceptional Downtown Commercial Investment Opportunity! This well-maintained multi-story commercial building offers approximately 15,986 square feet of versatile space in a prime downtown location. The property features 12,416 square feet of currently leasable space, including 6,194 SF on the first floor and 6,222 SF on the second floor, plus an additional 3,570 SF third floor currently utilized for storage. The third floor presents an outstanding value-add opportunity and could potentially be converted into residential apartments through programs such as DRRP, MCRP, RAP, or MI Neighborhoods, creating additional income potential. Recent improvements include updated flooring (2022) and renovated restrooms (2026). An elevator provides convenient access to floors 1 & 2; the 3rd floor is accessed by stairs. The building is currently partially owner-occupied (approximately 9,000 SF) and partially tenant-occupied (approximately 3,000 SF) with established long-term tenants paying approximately $6.00/SF/year, offering significant upside potential for future rental income. Ample public parking is available along Washington Street and in the city-owned parking lot directly behind the building, providing convenient access for tenants and visitors.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 12416
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 0.15
- Zoning: Commercial
- Roof: Other-See Remarks
- Others:
- Sewer: Public Sanitary
- Parking Features: Parking Lot
Financial Details
- Tax Amount: $13,469
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
217 N Washington Owosso, MI 48869
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