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    1350 E M 21 Owosso, MI 48867

    For Sale
    $1,000,000

    Excellent condition, long-term leases, significant capital improvements, reliable income.

    Lot size:
    0.98 Acres

    Property Features for 1350 E M 21

    General Information

    Lot size
    0.98 Acres

    Source: RE/MAX Platinum - Grand Blanc Agent Scott Myers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Investment Property For Sale

    This property presents an investment opportunity with long-term leases currently in place with the Social Security Administration and Orthopedic Associates. The building is in excellent condition and has undergone numerous updates. A full lower-level renovation was completed in 2021. The roof and gutters have been replaced. Five new HVAC units were installed in 2018. The parking lot was resurfaced 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.
    Insight Report Location Intelligence

    Current Use by Public Records

    Alvin M Bentley ... Charity Owosso Heart Institute Medical Clinic

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Owosso
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.147074
    Latitude
    42.997704

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    FAQs

    What type of property is this?
    Office building - Excellent condition, long-term leases, significant capital improvements, reliable income.
    Where is this office building located?
    The property is located at 1350 E M 21 Owosso, MI.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Long-term leases with strong tenants like Social Security Administration and Orthopedic Associates ensure reliable income.; - Significant capital improvements, including a $1.5 million Social Security office renovation in 2022.; - Turnkey property in excellent condition, requiring minimal immediate investment.
    (810) 344-3363
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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
    1350 E M 21 Owosso, MI 48867
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