1465 Mcmillan Rd, Owosso, MI 48867
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.