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    Property profile & analytics

    1631 M 21 Owosso, MI 48867-9053

    • Turn key restaurants
    • 3,633 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 25, 2025
    $695,000
    Location Intelligence
    Property ID
    US43-2197513
    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

    • Turn key restaurants

    Property Details for 1631 M 21

    Year built
    1992
    Lot size
    1.00 lot acres
    Property size
    3,633 SF
    Property type
    Turn key restaurants
    APN
    007-17-300-007-03
    APU
    71730000703

    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
    -84.1373
    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
    $10,215
    $0.00
    $0.00
    $249,900
    -
    $0.00
    $0.00
    $499,800

    Comparable in this City

    • Value Estimation by Request
      4,580 SF

      2437 M 21

      RESTAURANT • 4,580 SF
      2437 M 21, Owosso, MI 48867-9073
      View Details
    • Value Estimation by Request
      5,272 SF

      1709 M 21

      RESTAURANT • 5,272 SF
      1709 M 21, Owosso, MI 48867-9054
      View Details
    • Value Estimation by Request
      6,352 SF

      1441 M 21

      RESTAURANT • 6,352 SF
      1441 M 21, Owosso, MI 48867-9048
      View Details
    • Value Estimation by Request
      3,802 SF

      1250 M 21

      RESTAURANT • 3,802 SF
      1250 M 21, Owosso, MI 48867-9038
      View Details
    • Value Estimation by Request
      3,079 SF

      2165 M 21

      RESTAURANT • 3,079 SF
      2165 M 21, Owosso, MI 48867-9066
      View Details
    • Value Estimation by Request
      7,501 SF

      1865 M 21

      RESTAURANT • 7,501 SF
      1865 M 21, Owosso, MI 48867-9058
      View Details

    Similar Nearby for Sale

    • $259,000
      2,578 SF

      Turn-Key Restaurant on M-52

      Restaurant with updated interior, FF&E included, excellent visibility.
      437 W Stewart St, Owosso, MI 48867
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    • Contact for pricing
      3,079 SF

      Prime Owosso Retail Redevelopment

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    • $299,000

      Restaurant Opportunity in Downtown Owosso

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    • $399,000
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      Main Street Owosso Retail Property

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

      Riverwood Crossing: Owosso Retail Center

      High-yield retail investment, strong tenants.
      1643 M 21, Owosso, MI 48867
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    • $299,000
      4,312 SF

      Downtown Owosso Retail Gem

      High-traffic corner location, vacant, renovated 2021
      901 Main St, Owosso, MI 48867
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    Similar Nearby for Lease

    • $14 SF/Yr

      Downtown Retail/Restaurant Opportunity

      Prime downtown location with high traffic, build to suit.
      344 W Main St, Owosso, MI 48867
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    • $25 SF/Yr
      2,286 SF

      Riverfront Restaurant Space Available

      Renovated restaurant space in Downtown Owosso with river views.
      300 W Main St, 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
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    • $10 SF/Yr
      6,608 SF

      Main Street Owosso Commercial Space

      Prime Owosso retail/restaurant space. High-visibility location.
      804 Main St, Owosso, MI 48867
      View Details
    • $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
    • Contact for pricing
      11,700 SF

      Retail Space in Primary Corridor

      Retail space available in high-traffic Owosso location.
      1311-1501 East Main St, Owosso, MI 48867
      View Details
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    1631 M 21
    Owosso, MI 48867-9053
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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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