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    OFF-MARKET
    Commercial real estate

    1041 M-21, Owosso, MI 48867

    0.47 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 0.47 ac (20,473 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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