1700 M 21 Owosso, MI 48867-9054
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.