318 N Water Street, Owosso, MI 48867

• 3 beds |
• 2 baths |
• 1,364 sqft

Property Description

Unique Opportunity Near the River & Downtown! Imagine living just steps from the river, scenic river trail, and vibrant downtown. Currently used as an office and zoned commercial, however the city says that zoning now allows residential use, opening the door to create a beautiful 3-bedroom home in a prime location. Contractor's quote has been obtained to install a brand-new kitchen with Quartz countertops. Seller has agreed to escrow the funds for the kitchen as required for a mortgage. Ideal for a primary home, short-term rental, professional office, or mixed use. Properties with this kind of location and versatility rarely come available. Paved parking in back with ramp. Hardwood floors, open staircase, and covered porch bring the charm and character of Owosso's historic homes too! Contact listing agent for lender option that has agreed to accept an escrow for the new kitchen and provide a conventional, FHA, VA, or RD mortgage.

Listing Status:

Active

Data Last Updated:

April 4, 2026 at 6:42PM

Listing Office:

The Home Office Realty LLC : 9897255246

Listing Agent:

Morgan Beilfuss : 9892777860

MLS ID:

5050203188

Interior

• General: Entrance foyer
• Basement: FullUnfinished
• A/C: Central air
• Heating: Forced airNatural gas

Exterior

• Style: Other
• Other Structures: Porch
• Pool: None

Construction

• General: Vinyl sidingTwoBasement

Location

• Originating MLS: East Central Association of REALTORS
• School District: Owosso
• County: Shiawassee

Lot

• Zoning: S 32' OF LOT 6 BLK 13 ORIGINAL PLAT05047001300900

Utilities

• Water: Public
• Sewer: Public sewer

Financial

• Source: East Central Association of REALTORS