Office and Pole Barn
1715 E M 21 Owosso, MI 48867
For Sale
$210,000
Pending
Zoned B-2 and fronting M-21, this property includes an office-ready building and a pole barn for storage or work space.
Property Size1,368 SF
Days on Market17
Property Features for 1715 E M 21
General Information
Standard status
Pending
Size
1,368 SF
Listing Agency:
Full Circle Real Estate Group LLC
(810) 771-5253
Listed By:
Corbin Gearhart · License #6502432088
(810) 771-5253
Source:
Exprealty
Added: Jul 14
Changed: Jul 28
Last Checked: Jul 28 at 11:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Full Circle Real Estate Group LLC
Investment Insights
Based on property information with market context.
This property includes an existing home suited for office or business use, along with a pole barn that can support additional storage or workspace. With frontage on M-21, the layout is designed to accommodate day-to-day operations while providing separate space for warehousing needs.
The site is zoned B-2 and is surrounded by established retail, positioned near Walmart and nearby restaurants and other active businesses.
For buyers seeking a commercial property that combines office-ready space with supplementary storage, this offering provides two functional components on a B-2 zoned site with main-road frontage.
The site is zoned B-2 and is surrounded by established retail, positioned near Walmart and nearby restaurants and other active businesses.
For buyers seeking a commercial property that combines office-ready space with supplementary storage, this offering provides two functional components on a B-2 zoned site with main-road frontage.
Key Highlights
- Commercial property with frontage on busy M‑21.
- Zoned B‑2.
- Existing home is well suited for office or business use.
Financial Insights For Office B
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 | $23.3k | $17.04 |
| − Vacancy | −$5.1k | −$3.73 |
| EGI | $18.2k | $13.31 |
| − OpEx | −$4.6k | −$3.33 |
| NOI | $13.7k | $9.98 |
1,368 SF · lease $17.04/SF/yr · vacancy 21.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$195.1K
$170.7K – $227.6K
NOI $13,654 @ 7.0% cap · market cap 6.50%
Second Best
Warehouse
$142.9K
$125.1K – $166.8K
NOI $10,005 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$260.8K
$228.2K – $304.3K
NOI $18,257 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Zoned B-2 and fronting M-21, this property includes an office-ready building and a pole barn for storage or work space.
Where is this office units located?
The property is located at 1715 E M 21 Owosso, MI.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Commercial property with frontage on busy M‑21.; Zoned B‑2.; Existing home is well suited for office or business use.
