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    Property profile & analytics

    1975 M 21 Owosso, MI 48867-9063

    • Retail space
    • 4,960 SF
    • 3.47 lot acres
    OFF-MARKET
    Value Estimation
    $655,000
    Last Sale
    Sep 01, 2022
    $600,000
    Location Intelligence
    Property ID
    US43-2418350
    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

    • Carter Renae S DO / Doctor
    • Shiawassee County Work First / County Government Office
    • Dr. Michelle Shields / Family Practice Physician
    • Marzia Woodside, NP / Doctor
    • Diane C. Scribner, PA-C / Family Practice Physician

    Property Details for 1975 M 21

    Year built
    2005
    Lot size
    3.47 lot acres
    Property size
    4,960 SF
    Property type
    Retail space
    APN
    007-16-300-012-006
    APU
    716300012006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $665,000

    • CAP approach

      CAP return
      Estimation
      6%
      $595,000
      6.5%
      $600,000
      7%
      $615,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $690,000
      Geo Method
      $705,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $530,000
      Retail
      $685,000
      Mixed-Use
      $690,000
      Hospitality
      $685,000
      Educational
      $530,000
      Residential Income
      $690,000
      Energy
      $695,000
      Income-Based Land
      $655,000
      Food Service
      $550,000

    Location Insight

    • Map
    • Local Demand
    City
    Owosso
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.1277
    Latitude
    42.9992
    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
    $14,902
    $0.00
    $0.00
    $349,500
    -
    $0.00
    $0.00
    $699,000

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      1509 Corunna Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      1509 Corunna Ave, Owosso, MI 48867-3800
      View Details
    • Value Estimation by Request
      5,940 SF

      1201 M 21

      RETAIL STORES (PERSONAL SERVICES) • 5,940 SF
      1201 M 21, Owosso, MI 48867-9038
      View Details
    • Value Estimation by Request
      5,108 SF

      1544 M 21

      RETAIL STORES (PERSONAL SERVICES) • 5,108 SF
      1544 M 21, Owosso, MI 48867-9051
      View Details
    • Value Estimation by Request
      7,569 SF

      1015 M 21

      RETAIL STORES (PERSONAL SERVICES) • 7,569 SF
      1015 M 21, Owosso, MI 48867-9001
      View Details
    • Value Estimation by Request
      8,000 SF

      1835 M 21

      RETAIL STORES (PERSONAL SERVICES) • 8,000 SF
      1835 M 21, Owosso, MI 48867-9058
      View Details
    • Value Estimation by Request
      5,120 SF

      3695 M 21

      RETAIL STORES (PERSONAL SERVICES) • 5,120 SF
      3695 M 21, Owosso, MI 48867
      View Details

    Similar Nearby for Sale

    • $6,019,256
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      Riverwood Crossing: Owosso Retail Center

      High-yield retail investment, strong tenants.
      1643 M 21, Owosso, MI 48867
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      Former Corner Store on Large Lot

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      Riverwood Crossing Walmart Retail

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    • $249,900
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      Mixed-Use Building in Downtown Owosso

      Retail and apartment investment property in a walkable downtown location.
      113 N Washington St, Owosso, MI 48867
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      Main Street Owosso Retail Property

      Prime Owosso retail building, two occupied units.
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      4-Story Building, High Potential
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    Similar Nearby for Lease

    • $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
    • $500 /Mo
      12,500 SF

      Downtown Owosso Retail/Office Suites

      Customizable retail/office suites in revitalized downtown Owosso building.
      201 S Washington 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
      1,911 SF

      Downtown Retail Storefront in Owosso

      Charming retail space in a thriving downtown area.
      113 E Main St, Owosso, MI 48867
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    • Contact for pricing
      1,050 SF

      Retail Space in Primary Corridor

      Retail space in a high-traffic area near Wal-Mart.
      1351-1361 E M 21, Owosso, MI 48867
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Primary Corridor

      Retail space available in high-traffic Owosso location.
      1475-1501 E Main St, Owosso, MI 48867
      View Details
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    1975 M 21
    Owosso, MI 48867-9063
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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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