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    Property profile & analytics

    121 Chipman St Owosso, MI 48867-2028

    • Industrial properties
    • 23.09 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 04, 2024
    Location Intelligence
    Property ID
    US43-2075586
    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

    • Industrial properties

    Property Details for 121 Chipman St

    Lot size
    23.09 lot acres
    Property type
    Industrial properties
    APN
    050-537-000-036-00
    APU
    5053700003600

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Owosso
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.1892
    Latitude
    43.0001
    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
    $52,607
    $0.00
    $0.00
    $1,233,100
    -
    $0.00
    $0.00
    $2,466,200

    Comparable in this City

    • Value Estimation by Request
      84,664 SF

      201 Delaney Rd

      Distribution properties • 84,664 SF
      201 Delaney Rd, Owosso, MI 48867
      View Details
    • Value Estimation by Request
      22.34 Acres

      Cornell

      INDUSTRIAL (GENERAL) • 22.34 Acres
      Cornell, Owosso, MI 48867
      View Details
    • Value Estimation by Request
      0.37 Acres

      625 Huron St

      INDUSTRIAL (GENERAL) • 0.37 Acres
      625 Huron St, Owosso, MI 48867-3613
      View Details
    • Value Estimation by Request
      2.27 Acres

      222 Elm St

      INDUSTRIAL (GENERAL) • 2.27 Acres
      222 Elm St, Owosso, MI 48867-2643
      View Details
    • Value Estimation by Request
      1.77 Acres

      520 Gould St

      INDUSTRIAL (GENERAL) • 1.77 Acres
      520 Gould St, Owosso, MI 48867-3267
      View Details
    • Value Estimation by Request

      745 Mcmillan Rd

      INDUSTRIAL (GENERAL)
      745 Mcmillan Rd, Owosso, MI 48867-9776
      View Details

    Similar Nearby for Sale

    • $599,000
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      Owosso Industrial Property: Huge Potential

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    • $3,850,000
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      Owosso Industrial Distribution Center

      84,664 SF Warehouse, Flex Space, $3.85M
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    • $99,000
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      Owosso Commercial Land - $99K

      0.74-acre corner lot, ideal for development.
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    • $800,000
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      Owosso Medical Office Complex

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    Similar Nearby for Lease

    • $5 SF/Yr
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      Owosso Industrial Property - 84,664 SF

      Spacious Michigan manufacturing/warehouse. Excellent location & features.
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    • $12 SF/Yr
      1,250 SF

      New Build Garage Unit

      Proposed new 1,250 SF garage unit for rent.
      701 S Chestnut St, Owosso, MI 48867
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    • $4,000 /Mo

      Versatile Commercial Space for Rent

      14,000 sq ft space with bay doors and loading dock.
      2170 W M-21 St, Owosso, MI 48867
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    • $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
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    • $1,000 /Mo
      2,000 SF

      West Main Street Office Space

      Office space in Owosso's West Town, walkable from neighborhoods.
      812 W Main St, Owosso, MI 48867
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    • $18 SF/Yr
      6,000 SF

      Downtown Owosso Medical Office Building

      Prime Medical Office Space - Owosso
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      View Details
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    121 Chipman St
    Owosso, MI 48867-2028
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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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