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    OFF-MARKET
    Land

    1465 Mcmillan Rd, Owosso, MI 48867

    1.03 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 1.03 ac (44,867 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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