1400 McMillan Rd, Owosso, MI 48867
7,000 sq ft industrial building on 1.57 acres.
- Added:
- Mar 24, 2026
- Days on Market:
- 105
- Last Refresh:
- Mar 10 at 9:27 am
Property Features for 1400 McMillan Rd
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Lot size
- 1.57 Acres
- Property subtype
- Commercial
Listing office eXp Realty (248) 617-7777
Listing date Mar 24, 2026
Source Elliman
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HighLights
- Approved for state‑licensed cultivation, processing, or other commercial grow operations (with proper licensing).
- Heavy‑duty industrial building with 7,000 sq ft and 18‑ft ceilings.
- 1000‑amp 3‑phase power.
- Located on 1.57 acres with a fully fenced yard and secure gate access.
- Zoned Light Industrial and approved for up to five caregivers.
- Recently updated in 2022.
Overview
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.0k | $9.00 |
| − Vacancy | −$2.8k | −$0.40 |
| EGI | $60.2k | $8.60 |
| − OpEx | −$9.0k | −$1.29 |
| NOI | $51.2k | $7.31 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Owosso
- County
- Shiawassee
- State
- Michigan
- Longitude
- -84.154914
- Latitude
- 42.981562
