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100 North - Op Zone 100 N Washington St

16,000 SF Vacant Office Building Owosso, MI 48867 £430,348 (£27/SF)

Investment Highlights

  • Prominent Downtown Owosso Building
  • Opportunity Zone
  • 15 - 20 Apartments could be developed with grant money
  • Apartment Grants and Rehabilitation options available
  • Value Add Opportunity

Executive Summary

3-story building in Downtown Owosso, located on the corner of Main Street and N. Washington Street. Three floors with approximately 4,791 SF each, and full finished basement, building features beautiful large windows on every floor allowing a multitude of natural lighting. Located in the Opportunity Zone with multiple grants and rehabilitation options available. Great redevelopment opportunity.

Attachments

opportunity-zones-explained
mcrp-guidelines

Financial Summary (Actual - 2022)

Annual Annual Per SF
Gross Rental Income £21,909 £1.37
Other Income - -
Vacancy Loss - -
Effective Gross Income £21,909 £1.37
Taxes £4,800 £0.30
Operating Expenses £4,303 £0.27
Total Expenses £9,103 £0.57
Net Operating Income £12,806 £0.80

Financial Summary (Actual - 2022)

Gross Rental Income
Annual £21,909
Annual Per SF £1.37
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £21,909
Annual Per SF £1.37
Taxes
Annual £4,800
Annual Per SF £0.30
Operating Expenses
Annual £4,303
Annual Per SF £0.27
Total Expenses
Annual £9,103
Annual Per SF £0.57
Net Operating Income
Annual £12,806
Annual Per SF £0.80

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
16,000 SF
Building Class
C
Year Built
1920
Price
£430,348
Price Per SF
£27
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
4,000 SF
Slab to Slab
10 ft
Building FAR
3.63
Lot Size
0.10 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
B3-CENTBUS

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Finance and Insurance
  • -
  • -
  • -

Since 1922, Edward Jones has worked to create a better future for their clients and their families and communities in the U.S. and Canada, one relationship at a time. Their advice is based on a disciplined, established process that centers on their clients, who are individual investors, and the goals they're trying to achieve. Each client benefits from a personalized relationship with their financial advisor, who is supported by the resources of a Fortune 500 firm. Every aspect of the firm’s business – from the types of products and services they offer to the locations of their branch offices – is designed to cater to individual investors in the communities in which they live and work. This business model has helped fuel remarkable growth for the firm and helped clients realize the possibilities for their futures.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Finance and Insurance - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 3,000 SF
  • Office
  • -
  • Now

First floor with basement, space is wide open, ready for tenant customization. Large windows, allowing natural light. Great opportunity for office space, in the busy Central Business District of Owosso.

  • 2nd Floor
  • 4,500 SF
  • Office
  • -
  • Now

Second floor, large open space with walls of windows allowing plenty of natural light into suite. Plenty of charm with beautiful chandeliers.

Space Size Space Use Condition Available
1st Floor 3,000 SF Office - Now
2nd Floor 4,500 SF Office - Now

1st Floor

Size
3,000 SF
Space Use
Office
Condition
-
Available
Now

2nd Floor

Size
4,500 SF
Space Use
Office
Condition
-
Available
Now

1st Floor

Size 3,000 SF
Space Use Office
Condition -
Available Now

First floor with basement, space is wide open, ready for tenant customization. Large windows, allowing natural light. Great opportunity for office space, in the busy Central Business District of Owosso.

2nd Floor

Size 4,500 SF
Space Use Office
Condition -
Available Now

Second floor, large open space with walls of windows allowing plenty of natural light into suite. Plenty of charm with beautiful chandeliers.

Links

1 of 1
Walk Score ®
Very Walkable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 050-470-021-013-00 Total Assessment £105,047 (2024)
Land Assessment £0 (2024) Annual Taxes £4,800 (£0.30/sf)
Improvements Assessment £0 (2024) Tax Year 2022

PROPERTY TAXES

Parcel Number
050-470-021-013-00
Land Assessment
£0 (2024)
Improvements Assessment
£0 (2024)
Total Assessment
£105,047 (2024)
Annual Taxes
£4,800 (£0.30/sf)
Tax Year
2022
(517) 214-1493

Contacts

  • Listing ID: 26900079

  • Date on Market: 20/10/2022

  • Last Updated:

  • Address: 100 N Washington St, Owosso, MI 48867

The Office Property at 100 N Washington St, Owosso, MI 48867 is currently available for sale. Contact Woodworth Commercial for more information.

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100 N Washington St, Owosso, MI for sale Building Photo- Image 1 of 12
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© 2024 CoStar Group

100 North - Op Zone | 100 N Washington St
(517) 214-1493 x

100 North - Op Zone | 100 N Washington St

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Leo Deason

(517) 214-1493

(517) 214-1493

Ryan Calhoun

(989) 723-3711

(989) 723-3711

Randy Woodworth

(989) 723-3711

(989) 723-3711

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