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    1500 Mcmillan Rd Owosso, MI 48867

    Sponsored
    For Sale
    $599,900

    6,900 SF Manufacturing Space, Vacant

    Property size:
    6,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 6,900-square-foot industrial building, situated on a 1.69-acre lot in Owosso, Michigan (48867), presents a compelling owner-user opportunity. Built in 2000 and renovated in 2021, the single-story structure boasts a 14-foot clear ceiling height, ideal for various manufacturing, warehousing, or distribution needs. The property includes 6,000 square feet of industrial space and 900 square feet of office space. Features include radiant ceiling heat and six inches of wall insulation, contributing to energy efficiency. The property is zoned M1 and importantly, is approved for cannabis cultivation, processing, or dispensary operations. With one loading dock and ample space, this property offers significant potential for a variety of businesses. The asking price is $599,900, translating to $86.94 per square foot. The building is currently vacant with an occupancy date of March 7, 2024. This prime location in Shiawassee County offers excellent access to transportation and logistical advantages. Don't miss this chance to acquire a versatile and strategically located industrial property.

    Property Features for 1500 Mcmillan Rd

    General Information

    Property type
    Manufacturing properties
    Square Feet
    6,900 SF
    Lot Size
    73,616 SF

    Building Details

    Year Built/Renovated
    2000/2021
    Buildings
    1
    Stories
    1

    HighLights

    • 6,900 SF industrial building on a 1.69‑acre lot, built in 2000.
    • Features 6,000 SF of warehouse space and 900 SF of office space with 14' clear ceiling height.
    • Includes radiant ceiling heat and 6" wall insulation.
    • Suitable for warehouse, manufacturing, storage, distribution, and cannabis cultivation/processing/dispensary uses (permitted).
    • Excellent location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Owosso
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.1555084
    Latitude
    42.9811263

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    FAQs

    What type of property is this?
    Manufacturing property - 6,900 SF Manufacturing Space, Vacant
    Where is this manufacturing property located?
    The property is located at 1500 Mcmillan Rd Owosso, MI.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: 6,900 SF industrial building on a 1.69-acre lot, built in 2000.; Features 6,000 SF of warehouse space and 900 SF of office space with 14' clear ceiling height.; Includes radiant ceiling heat and 6" wall insulation.
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    1500 Mcmillan Rd 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
    1500 Mcmillan Rd Owosso, MI 48867
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