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    116 State Rd Owosso, MI 48867

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    1.88 Acres, High-Traffic Location, Meijer Outlot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.88-acre commercial land parcel presents a prime investment opportunity in Owosso, Michigan. Strategically located in a high-traffic retail corridor, this B-2 zoned property boasts unparalleled visibility directly across from a major Meijer store. The site is surrounded by a robust mix of national and regional retailers, including The Home Depot, Culver's, Taco Bell, and Applebee's, ensuring consistent high foot and vehicle traffic. Its prominent position just off the signaled intersection of M-21 and N. State Rd. provides exceptional exposure to a large consumer base. Further enhancing its appeal, the property is situated across from Memorial Healthcare Urgent Care, adding to the diverse demographic reach. The APN is 007-16-400-005-006. This location offers an exceptional opportunity for developers seeking high-impact commercial development in a thriving retail environment. The property's size and location make it ideal for a variety of commercial uses, capitalizing on the significant existing retail density and high traffic counts. This is a rare opportunity to acquire a highly visible and strategically located commercial land parcel in a strong retail market. The address is 116 N State Rd, Owosso, MI 48867.

    Property Features for 116 State Rd

    General Information

    Property type
    Land
    Lot Size
    81,893 SF

    HighLights

    • High‑visibility commercial land directly across from a Meijer store.
    • Excellent location surrounded by major national and regional retailers.
    • Situated on a high‑traffic retail corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Owosso
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.11899632703
    Latitude
    42.999701908971

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    FAQs

    What type of property is this?
    Land - 1.88 Acres, High-Traffic Location, Meijer Outlot
    Where is this land located?
    The property is located at 116 State Rd Owosso, MI.
    What are key features of this property?
    This property features: High-visibility commercial land directly across from a Meijer store.; Excellent location surrounded by major national and regional retailers.; Situated on a high-traffic retail corridor.
    (989) 723-3711
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    116 State Rd 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
    116 State Rd Owosso, MI 48867
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