217 N Washington Street, Shiawassee Township, MI 48869
NA · Shiawassee County
Key Facts
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.
Property Information
Property Type
Business Opportunity
Sub-Type
Business
Year Built
1850
Living Area
12,416 sq ft
Lot Size
0.15 acres
Lot Dimensions
0.15
Days on Market
3
MLS® Listing#
79080070044
Property Features
Interior
Cooling
Heating
Parking
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$13,469
Assessed Value
$221,748
Parcel Number
05047001500200
Affordability Calculator
$115,800
Estimated monthly payment
$3,082/mo
Principal $463,200 · Est. interest $646,205 over 30 yrs
Location
Points of Interest in Shiawassee Township, MI
Showing the Shiawassee Township area map.
Nearby Schools
Owosso Middle School
Elementary · 0.2 mi away
Lincoln School
School · 0.2 mi away
Central Elementary School
Elementary · 0.4 mi away
Central Elementary School
Elementary · 0.5 mi away
St Paul School
School · 0.5 mi away
St. Paul Catholic School
School · 0.6 mi away
Salem Lutheran School
School · 0.7 mi away
Owosso Seventh-Day Adventist Church
School · 0.7 mi away
Owosso Public Schools
School · 1.0 mi away
Washington School
School · 1.0 mi away
Lincoln Alternative High School
Secondary · 1.0 mi away
Owosso High School
Secondary · 1.1 mi away
Bryant School
Elementary · 1.1 mi away
Head Start
School · 1.1 mi away
BENTLEY Bright Beginnings
School · 1.3 mi away
Elsa Meyer Elementary School
Elementary · 2.6 mi away
Shiawassee Resd
School · 2.6 mi away
Shiawassee Resd - Student Learning Center - West
School · 2.8 mi away
Corunna Public School
School · 3.0 mi away
Corunna High School
Secondary · 3.1 mi away
Commute Calculator
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| 1954-1964 E Saginaw Street, Meridian Charter Township, MI | $409,000 | 6 | — | — |
Moving Cost Estimate
EXIT Agents in Shiawassee Township
Listing Courtesy: Tamarack Realty Services - 9892591279
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