Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Industrial land

    1500 Mcmillan Rd, Owosso, MI 48867-9778

    28.94 ac lot
    Entity Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-3579351
    Property summary
    AI-generated overview

    This exceptional 6,900-square-foot industrial building, situated on a 1.69-acre lot in Owosso, Michigan (48867), presents a compelling owner-user opportunity. Built in 2000 and renovated in 2021, the single-story structure boasts a 14-foot clear ceiling height, ideal for various manufacturing, warehousing, or distribution needs. The property includes 6,000 square feet of industrial space and 900 square feet of office space. Features include radiant ceiling heat and six inches of wall insulation, contributing to energy efficiency. The property is zoned M1 and importantly, is approved for cannabis cultivation, processing, or dispensary operations. With one loading dock and ample space, this property offers significant potential for a variety of businesses. The asking price is $599,900, translating to $86.94 per square foot. The building is currently vacant with an occupancy date of March 7, 2024. This prime location in Shiawassee County offers excellent access to transportation and logistical advantages. Don't miss this chance to acquire a versatile and strategically located industrial property.

    Property profile
    Verified
    Property type Industrial land
    Use group INDUSTRIAL - VACANT LAND
    Lot 28.94 ac (1,260,626 SF)
    APN 050-553-000-009-00
    UPID US43-3579351
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Leaf Releaf Labs LLC · 4 yrs held
    Leaf Releaf Labs LLC
    since 2021
    1 recorded transaction
    2021
    $110,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 1500 Mcmillan Rd?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message