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$345,000
ACTIVE Status 50220716 MLS
This property offers a rare opportunity to own a beautifully improved mixed-use building in the heart of Downtown Owosso’s main business district. The highly visible storefront has undergone extensive updates and has been transformed into one of downtown’s most attractive retail spaces. Historic character, including original-style tin ceilings, blends beautifully with the improvements made throughout the property, creating a warm and inviting setting for retail, professional, or specialty business use. The approximately 2,500 square-foot building also includes two recently updated apartments, both beautifully finished and currently occupied by long-term tenants, providing steady rental income for the new owner. A full basement offers valuable additional space for storage, inventory, workshop use, or other business needs. Located on the main block of Downtown Owosso, the property benefits from strong visibility, pedestrian traffic, nearby restaurants, shops, community events, and Owosso’s designation as a Michigan Main Street community—bringing additional resources, programs, and opportunities to downtown businesses and property owners. Adding even more potential, the successful business currently operating from this location is also available for purchase separately. Buyers may purchase the real estate, the business, or explore the opportunity to acquire both. Properties like this rarely become available in Downtown Owosso. Whether you are an investor looking for a mixed-use income property, an entrepreneur searching for a standout location, or someone looking to own both a building and an established business, 114 N. Washington Street presents an exceptional opportunity in the center of one of Mid-Michigan’s most charming downtown districts.

114 N Washingtion Street, Owosso

Listing Courtesy of Kori Shook & Associates, Office Phone: 989-720-4242

$529,000
ACTIVE Status 80070044 MLS
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.

217 N Washington Street, Owosso

Listing Courtesy of Tamarack Realty Services, Office Phone: