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    915 Corunna Ave Owosso, MI 48867

    Sponsored
    For Sale
    $99,000

    0.74-acre corner lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.74-acre commercial and industrial land parcel presents a unique investment opportunity in Owosso, Michigan. Strategically located at the corner of M-71 and Gould Street, this property benefits from high visibility and convenient access. Its proximity to Owosso's active railroad and industrial corridor offers significant advantages for businesses seeking efficient transportation and logistics. The property is designated as a Green Zone, making it suitable for marijuana cultivation under applicable regulations. However, the versatile zoning also presents opportunities for other commercial or industrial uses. The site's size and location make it particularly well-suited for residential apartment development, capitalizing on the growing demand for housing in the area. The parcel's address is 915 Corunna Ave, Owosso, MI 48867, with APN 050-710-001-012-00. This prime location offers significant potential for a variety of development projects, making it an attractive investment for discerning buyers. The asking price is $99,000.

    Property Features for 915 Corunna Ave

    General Information

    Property type
    Land
    Lot Size
    32,234 SF

    HighLights

    • $99,000 asking price for 0.74 acres of vacant land.
    • Located at the intersection of M‑71 and Gould St in Owosso, MI.
    • Situated near Owosso's rail and industrial corridor.
    • Green Zone zoning allows for marijuana cultivation.
    • Ideal location for residential apartment development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Owosso
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.158414
    Latitude
    42.9901518

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    FAQs

    What type of property is this?
    Land - 0.74-acre corner lot, ideal for development.
    Where is this land located?
    The property is located at 915 Corunna Ave Owosso, MI.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: $99,000 asking price for 0.74 acres of vacant land.; Located at the intersection of M-71 and Gould St in Owosso, MI.; Situated near Owosso's rail and industrial corridor.
    Request Owner's contact information
    915 Corunna Ave Owosso, MI 48867
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    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
    915 Corunna Ave Owosso, MI 48867
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