Property profile

0 Krouse Rd Owosso, MI 48867

OFF-MARKET
Land
30.31 ac lot
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Property summary

AI-generated overview

This exceptional 30.31-acre parcel of land in Owosso, Michigan, presents a significant opportunity for industrial development. Located on Krouse Road in Shiawassee County, zip code 48867, this property is zoned for Light Industrial use and also permits marijuana cultivation. The asking price is $606,200, translating to a competitive $20,000 per acre. All utilities are readily available near the site, simplifying infrastructure development. The seller has already completed plans to subdivide the property into two 5-acre lots, offering flexibility for buyers seeking smaller parcels. This presents a unique opportunity for investors or businesses seeking a strategically located industrial site with potential for immediate development or future expansion. The property's location in Owosso, Michigan, provides access to key transportation routes and a skilled workforce. Detailed site plans for the potential 5-acre subdivisions are available upon request. This is a rare opportunity to acquire a substantial industrial land holding in a thriving Michigan market. Don't miss out on this exceptional investment prospect.

Property profile

Verified
Property type Land
Lot 30.31 ac (1,320,304 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Krouse Rd Owosso, MI 48867
Owosso metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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