217 N Washington Street, Owosso, MI 48869
217 N Washington Street, Owosso, MI 48869
217 N Washington Street, Owosso, MI 48869
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Kyle O'Grady

Kyle O'Grady

+1(231) 499-9999
Listed by  Tamarack Realty Services
$499,000
Est. payment /mo
12,416 SqFt
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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 12,416 sqft

Price per Sqft $40

MLS Listing ID 1946961

Year Built 1850

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type Office

Property Description

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.

Location

State MI

Rooms

Basement Full

Interior

Heating Forced Air, Natural Gas

Exterior

Waterfront Description Public

Roof Type Other

Garage false

Building

Sewer Public Sewer

Water Public

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Kyle O'Grady

Kyle O'Grady

+1(231) 499-9999

Team Leader, REALTOR® License ID: 6501407456

Team Leader, REALTOR® License ID: 6501407456

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