Office and Pole Barn
For Sale
$210,000
Pending
1715 E M 21, Owosso, MI 48867
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 Market18
Property Features for 1715 E M 21
General Information
Standard status
Pending
Size
1,368 SF
Zoning
B 2
Additional Details
Business Included
No
Road Access
Yes
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 29 at 9:14PM
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
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
Explore this area
Business Placement
Demographics for 48867, MI
27,596
Population
12,660
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
136.0 sq mi
ZIP Area
203
Density / Sq Mi
$58,718
Median Household Income
$37,908
Median Earnings
$834
Median Rent
$145,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
