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    2165 M 21 Owosso, MI 48867

    Sponsored
    For Sale
    Contact for pricing

    4-Acre Site, High Visibility

    Property size:
    3,079 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial redevelopment opportunity in Owosso, Michigan, presents a unique chance to capitalize on a high-traffic location. The property boasts a total of four acres, including one acre with an existing restaurant and three acres of vacant land, offering significant flexibility for various commercial ventures. Situated directly in front of a Home Depot, this site benefits from exceptional visibility and frontage on busy M-21, a major thoroughfare. The property's strategic location within a prime retail corridor, surrounded by national retailers such as Walmart and Family Farm & Home, ensures high foot traffic and strong brand recognition. The existing building, constructed in 1988 and renovated in 1998, offers 3,079 square feet of space, while the zoning (B-2) allows for a wide range of commercial uses. The property consists of one single-story building and includes two parcels (APN: 007-16-300-015-01, 007-16-300-024). This is an ideal opportunity for developers seeking a high-impact location with significant growth potential. The property's size and location make it suitable for a variety of retail concepts, including restaurants, shopping centers, and storefronts. Contact for pricing and further details.

    Property Features for 2165 M 21

    General Information

    Property type
    Lifestyle centers
    Square Feet
    3,079 SF
    Lot Size
    174,240 SF

    Building Details

    Year Built/Renovated
    1988/1998
    Buildings
    1
    Stories
    1

    HighLights

    • High‑traffic location on M‑21, directly in front of Home Depot.
    • Four‑acre site including a 3,079 SF existing restaurant and three acres of vacant land.
    • Prime redevelopment opportunity in a retail corridor anchored by national retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    New Port Classic ... Family Restaurant

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Department Store Kitchen & Bath Storage Facility Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Owosso
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.124366729379
    Latitude
    42.99824520937

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    FAQs

    What type of property is this?
    Lifestyle center - 4-Acre Site, High Visibility
    Where is this lifestyle center located?
    The property is located at 2165 M 21 Owosso, MI.
    What are key features of this property?
    This property features: High-traffic location on M-21, directly in front of Home Depot.; Four-acre site including a 3,079 SF existing restaurant and three acres of vacant land.; Prime redevelopment opportunity in a retail corridor anchored by national retailers.
    Request Owner's contact information
    2165 M 21 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
    2165 M 21 Owosso, MI 48867
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