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    1041 M-21 Owosso, MI 48867

    For Sale
    $255,000

    High-Visibility Commercial Space, Multi-Building Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property, located at 1041 E M-21 Unit 1041, Owosso, MI, presents a unique investment opportunity. The 0.47-acre lot boasts a total of 5,036 square feet of space across two buildings, strategically positioned for high visibility on M-21. The property is zoned B-2, offering versatility for a range of commercial uses. One building comprises 340 square feet of office space, ideal for administrative functions or client meetings. The second building, a substantial 3,496 square feet, is well-suited for an auto shop or similar business, featuring five bays equipped with overhead doors. In addition, a 1,200 square foot pole barn provides ample storage space, complete with overhead doors, concrete flooring, and electricity. The property's recent updates include a new furnace and water heater installed in 2022, ensuring efficient and cost-effective operation. The combination of office space, expansive workshop area, and generous storage makes this property an attractive option for entrepreneurs and investors seeking a well-maintained, versatile commercial space in a high-traffic location. The property's last use was as a mechanic garage, showcasing its suitability for similar businesses. This prime location and substantial square footage offer significant potential for growth and profitability. The asking price is $255,000.

    Property Features for 1041 M-21

    General Information

    Property type
    Other commercial real estate
    Lot Size
    20,473 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Owosso
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.15469
    Latitude
    42.99808

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    FAQs

    What type of property is this?
    Commercial real estate - High-Visibility Commercial Space, Multi-Building Opportunity
    Where is this commercial real estate located?
    The property is located at 1041 M-21 Owosso, MI.
    What is the asking price?
    The asking price for this property is $255,000.
    (517) 351-3617
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    1041 M-21 Owosso, MI 48867
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1041 M-21 Owosso, MI 48867
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