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    1868 M-21 Owosso, MI 48867

    Sponsored
    For Sale
    $349,000

    5.25 Acres, High-Traffic M-21 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.248-acre commercial land parcel presents a remarkable investment opportunity in Owosso, Michigan. Located on M-21 (E Main Street), this property boasts 172 feet of prime frontage within a thriving retail corridor. The B-2 zoning allows for a wide range of commercial development possibilities, making it ideal for businesses seeking high visibility and accessibility. The site's strategic location places it in close proximity to a multitude of established national retailers, including Walmart, Kroger, Home Depot, Aldi, Planet Fitness, Dollar Tree, Maurice's, Aaron's, AutoZone, and a Buick GMC dealership, ensuring significant foot traffic and consumer presence. The property's APN is 007-20-200-008. This is a rare chance to acquire a substantial land holding in a densely populated area with proven retail success, offering significant potential for future growth and return on investment. The asking price for this exceptional property is $349,000. Detailed site plans and zoning information are available upon request. Don't miss this opportunity to secure a prime location in a bustling retail environment.

    Property Features for 1868 M-21

    General Information

    Property type
    Land
    Lot Size
    228,603 SF

    HighLights

    • 5.248‑acre commercial land parcel in Owosso, MI.
    • 172 feet of frontage on M‑21 (E Main Street) in a thriving retail corridor.
    • B‑2 zoning allows for diverse commercial development.
    • High visibility location near major retailers (Walmart, Kroger, Home Depot, etc.).
    • APN: 007‑20‑200‑008.
    • Asking price: $349,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Owosso
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.130423029165
    Latitude
    42.998072279994

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    FAQs

    What type of property is this?
    Land - 5.25 Acres, High-Traffic M-21 Frontage
    Where is this land located?
    The property is located at 1868 M-21 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: 5.248-acre commercial land parcel in Owosso, MI.; 172 feet of frontage on M-21 (E Main Street) in a thriving retail corridor.; B-2 zoning allows for diverse commercial development.
    (989) 723-3711
    Request Owner's contact information
    1868 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
    1868 M-21 Owosso, MI 48867
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