1465 Mcmillan Rd Owosso, MI 48867
- Land
- 1.03 lot acres
Current Use by Public Records
- Land
Property Details for 1465 Mcmillan Rd
- Lot size
- 1.03 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
Exceptional opportunity to own a 1.03-acre industrial lot in Owosso, Michigan, priced at $120,000. This property is zoned for light industrial use and features a fully approved site plan for an 11,939 square foot building, originally designed for a marijuana grow facility, but adaptable for various commercial uses. Completed Phase I and II Environmental Site Assessments (2020) and a geotechnical report are available, minimizing development risks. The gentle slope of the lot allows for potential two-story construction, maximizing space and future expansion options. The parcel's location is 1465 McMillan Rd, Owosso, MI 48867 (APN: 050-480-000-003-00) in Shiawassee County. Much of the due diligence is already completed, streamlining the development process. This presents a significant advantage for investors seeking a quick turnaround on their investment. The property's existing plans and completed assessments offer a solid foundation for immediate development or future expansion, making it an attractive option for a variety of commercial ventures. This is a private ownership opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Owosso
- County
- Shiawassee
- State
- Michigan
- Longitude
- -84.155
- Latitude
- 42.9817
