1000 M 21 Owosso, MI 48867-9007
This exceptional 11,014 square foot retail space presents a remarkable anchor opportunity within a thriving Owosso strip center. Located at 1000 E M 21, this former Rite Aid location boasts prominent frontage on E Main St (M-21) and a highly desirable corner location at the intersection of E Main Street and Gould Street. The end-cap suite features two drive-thru lanes, a spacious retail floor, and a dedicated wall of refrigerators with a separate drive-thru service desk, providing exceptional convenience for customers. The property sits on a 2.61-acre lot and is part of a well-established six-suite retail center, built in 1997 and renovated in 2013. The center offers multiple points of ingress/egress and ample surface parking for customers. This B-2 zoned property (APN: 007-19-200-054-01, Shiawassee County) benefits from high visibility and traffic flow. Join established tenants including Jimmy Johns, Spectrum, Kal Chiropractic, Dort Financial Credit Union, and Advance Auto Parts. The total building size is 28,014 square feet. This is an ideal location for a variety of retail businesses seeking high visibility and convenient access in a busy commercial area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
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