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    Property profile & analytics

    1053 M 21 Owosso, MI 48867-9014

    • Retail space
    • 8,040 SF
    • 1.77 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Last Sale
    May 18, 2022
    $360,000
    Location Intelligence
    Property ID
    US43-2409375
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Friendly Family Care / Medical Clinic / Family Practice Physician
    • Dick's Auto Service / Towing Service / Car Repair And Maintenance Service

    Property Details for 1053 M 21

    Year built
    1972
    Lot size
    1.77 lot acres
    Property size
    8,040 SF
    Property type
    Retail space
    APN
    007-18-400-028-02
    APU
    71840002802

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $345,000
      6.5%
      $335,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $315,000
      Geo Method
      $300,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $320,000
      Mixed-Use
      $390,000
      Hospitality
      $395,000
      Educational
      $385,000
      Residential Income
      $320,000
      Energy
      $300,000
      Income-Based Land
      $360,000
      Food Service
      $350,000

    Location Insight

    • Map
    • Local Demand
    City
    Owosso
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.1542
    Latitude
    42.9986
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $10,263
    $0.00
    $0.00
    $228,300
    -
    $0.00
    $0.00
    $456,600

    Comparable in this City

    • Value Estimation by Request
      50,508 SF

      Corunna, MI 48867

      Restaurants • 50,508 SF
      Corunna, MI 48867
      View Details
    • Value Estimation by Request
      1,320 SF

      1845 Corunna Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,320 SF
      1845 Corunna Ave, Owosso, MI 48867-3911
      View Details
    • Value Estimation by Request
      11,014 SF

      1000 M 21

      RETAIL STORES (PERSONAL SERVICES) • 11,014 SF
      1000 M 21, Owosso, MI 48867-9007
      View Details
    • Value Estimation by Request
      15,540 SF

      1630 M 21

      RETAIL STORES (PERSONAL SERVICES) • 15,540 SF
      1630 M 21, Owosso, MI 48867-9053
      View Details
    • Value Estimation
      $655,000
      4,960 SF

      1975 M 21

      RETAIL STORES (PERSONAL SERVICES) • 4,960 SF
      1975 M 21, Owosso, MI 48867-9063
      View Details
    • Value Estimation by Request
      2,400 SF

      1509 Corunna Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      1509 Corunna Ave, Owosso, MI 48867-3800
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      76,476 SF

      Riverwood Crossing Walmart Retail

      High-traffic retail center, prime location.
      1560 Main St, Owosso, MI 48867
      View Details
    • $249,900
      7,200 SF

      Mixed-Use Building in Downtown Owosso

      Retail and apartment investment property in a walkable downtown location.
      113 N Washington St, Owosso, MI 48867
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    • $550,000
      4,791 SF

      Downtown Owosso Mixed-Use Gem

      4-Story Building, High Potential
      100 Washington St, Owosso, MI 48867
      View Details
    • $399,000
      6,608 SF

      Main Street Owosso Retail Property

      Prime Owosso retail building, two occupied units.
      804 Main St, Owosso, MI 48867
      View Details
    • $6,019,256
      50,508 SF

      Riverwood Crossing: Owosso Retail Center

      High-yield retail investment, strong tenants.
      1643 M 21, Owosso, MI 48867
      View Details
    • $79,000
      3,513 SF

      Former Corner Store on Large Lot

      Retail building on 0.23 acres near schools and residential area.
      644 Alger Ave, Owosso, MI 48867
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      8,000 SF

      Retail Space in Owosso Corridor

      Retail space available in Owosso's retail corridor on M-21.
      114 W Main St, Owosso, MI 48867
      View Details
    • $500 /Mo
      12,500 SF

      Downtown Owosso Retail/Office Suites

      Customizable retail/office suites in revitalized downtown Owosso building.
      201 S Washington St, Owosso, MI 48867
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Primary Corridor

      Retail space available in high-traffic Owosso location.
      1475-1501 E Main St, Owosso, MI 48867
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space in Primary Corridor

      Retail space in a high-traffic area near Wal-Mart.
      1351-1361 E M 21, Owosso, MI 48867
      View Details
    • $11 SF/Yr
      50,508 SF

      Riverwood Crossing Retail Spaces

      Prime Corunna retail space, multiple suites available.
      Corunna, MI 48867
      View Details
    • $10 SF/Yr
      1,911 SF

      Downtown Retail Storefront in Owosso

      Charming retail space in a thriving downtown area.
      113 E Main St, Owosso, MI 48867
      View Details
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    1053 M 21
    Owosso, MI 48867-9014
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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