1350 E M 21 - Medical FOR SALE


Owosso, MI 48867
$1,400,000 USD
810-695-4111
1350 E M 21, Owosso, MI for Sale
$1,400,000 USD
Medical - FOR SALE
1/24
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1350 E M 21
Owosso, MI 48867


OVERVIEW

Outstanding investment opportunity with long-term leases in place with the Social Security Administration and Orthopedic Associates. The building is in excellent condition and has undergone numerous updates, including a full lower-level renovation in 2021, roof and gutter replacements, five new HVAC units installed in 2018, and a resurfaced parking lot in 2021. In 2022, the Social Security office was renovated at a cost of $1.5 million to meet federal guidelines, per seller. This is a turnkey property with strong tenants, significant capital improvements, and reliable income potential.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$131 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

B-2

APN/PARCEL ID

007-20-100-015

ASK ABOUT THIS PROPERTY

Scott MyersRE/MAX PlatinumMore Info
810-695-4111

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Scott MyersRE/MAX PlatinumMore Info
810-695-4111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.