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Property profile & analytics
OFF-MARKET
Retail space

1000 M 21 Owosso, MI 48867-9007

11,014 SF 2.61 ac lot Built 1997
Entity Owned 8-yr Hold Free & Clear
Property ID
US43-2101532
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1997
Total area 11,014 SF
Lot 2.61 ac (113,692 SF)
APN 007-19-200-054-01
UPID US43-2101532
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Nhr Realty LLC · 8 yrs held
Nhr Realty LLC
since 2017
4 recorded transactions
2017
Price N/A
2014
Price N/A
2014
$3.4M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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