Property profile

1700 M 21 Owosso, MI 48867

OFF-MARKET
Drive through restaurants
Property ID
US43-2507798
1,200 SF 0.75 ac lot Built 1980
Entity Owned 21-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 1,200 square foot development site in Owosso, Michigan, presents a unique opportunity for QSR/Fast Food businesses. Located at 1700 E M-21, this property boasts excellent visibility on a signaled corner, directly across from a Walmart. The site features a freestanding building with drive-thru capabilities and a large pylon sign, previously occupied by a Hot-N-Now and currently by A Clean Cigarette. The property is zoned B-2 and has an APN of 007-20-200-003-02. Built in 1990, the site offers significant potential for redevelopment. The asking price is $350,000, translating to $291.67 per square foot. An adjacent 3.4-acre parcel is also available for purchase, offering the potential for a larger-scale development. This location benefits from high traffic counts due to its prominent position on M-21 in a busy retail corridor. The combination of existing infrastructure and prime location makes this an exceptional investment opportunity.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1980
Total area 1,200 SF
Lot 0.75 ac (32,670 SF)
APN 007-20-200-003-02
UPID US43-2507798

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1700 M 21 Owosso, MI 48867-9054
Owosso metro Census 31600 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

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
$145k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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