1041 M-21, Owosso, MI 48867
This exceptional commercial property, located at 1041 E M-21 Unit 1041, Owosso, MI, presents a unique investment opportunity. The 0.47-acre lot boasts a total of 5,036 square feet of space across two buildings, strategically positioned for high visibility on M-21. The property is zoned B-2, offering versatility for a range of commercial uses. One building comprises 340 square feet of office space, ideal for administrative functions or client meetings. The second building, a substantial 3,496 square feet, is well-suited for an auto shop or similar business, featuring five bays equipped with overhead doors. In addition, a 1,200 square foot pole barn provides ample storage space, complete with overhead doors, concrete flooring, and electricity. The property's recent updates include a new furnace and water heater installed in 2022, ensuring efficient and cost-effective operation. The combination of office space, expansive workshop area, and generous storage makes this property an attractive option for entrepreneurs and investors seeking a well-maintained, versatile commercial space in a high-traffic location. The property's last use was as a mechanic garage, showcasing its suitability for similar businesses. This prime location and substantial square footage offer significant potential for growth and profitability. The asking price is $255,000.
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
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.