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    1864 Main St Owosso, MI 48867

    Sponsored
    For Sale
    $349,000

    4.95 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.95-acre commercial land parcel presents a remarkable development opportunity in Owosso, Michigan. Located at 1864 E Main St (M-21), this property boasts 163 feet of prime frontage along a busy retail corridor, ensuring high visibility and accessibility. The parcel is zoned B-2, allowing for a wide range of commercial uses. Its strategic location within a thriving retail area offers unparalleled advantages. Nearby established businesses include major retailers such as Walmart, Kroger, Home Depot, Aldi, Planet Fitness, Dollar Tree, Maurice's, Aaron's, AutoZone, and a Buick GMC dealership, among many others. This high-traffic area guarantees significant exposure for any new development. The property's size and location make it ideal for a variety of commercial ventures, from retail centers and restaurants to office buildings and other commercial uses. The asking price is $349,000, and the APN is 007-20-200-007. This is a rare opportunity to acquire a substantial piece of commercial real estate in a prime location with significant growth potential. Don't miss out on this chance to build your business in a bustling retail environment. Shiawassee County location, zip code 48867.

    Property Features for 1864 Main St

    General Information

    Property type
    Land
    Lot Size
    215,622 SF

    HighLights

    • 4.95‑acre commercial land parcel in Owosso, MI.
    • 163 feet of frontage on busy M‑21 (E Main St) retail corridor.
    • B‑2 zoning allows diverse commercial uses.
    • Located near major retailers including Walmart, Kroger, and Home Depot.
    • Priced at $349,000, APN 007‑20‑200‑007.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon 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
    -84.13112
    Latitude
    42.9976023

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    FAQs

    What type of property is this?
    Land - 4.95 Acres, High-Traffic Location
    Where is this land located?
    The property is located at 1864 Main St Owosso, MI.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: 4.95-acre commercial land parcel in Owosso, MI.; 163 feet of frontage on busy M-21 (E Main St) retail corridor.; B-2 zoning allows diverse commercial uses.
    (989) 723-3711
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    1864 Main St 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
    1864 Main St Owosso, MI 48867
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