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Property profile & analytics
OFF-MARKET
Turn key restaurants

2165 M 21 Owosso, MI 48867-9066

3,079 SF 0.97 ac lot Built 1988
Entity Owned 20-yr Hold Free & Clear
Property ID
US43-2460062
Property summary
AI-generated overview

This exceptional commercial redevelopment opportunity in Owosso, Michigan, presents a unique chance to capitalize on a high-traffic location. The property boasts a total of four acres, including one acre with an existing restaurant and three acres of vacant land, offering significant flexibility for various commercial ventures. Situated directly in front of a Home Depot, this site benefits from exceptional visibility and frontage on busy M-21, a major thoroughfare. The property's strategic location within a prime retail corridor, surrounded by national retailers such as Walmart and Family Farm & Home, ensures high foot traffic and strong brand recognition. The existing building, constructed in 1988 and renovated in 1998, offers 3,079 square feet of space, while the zoning (B-2) allows for a wide range of commercial uses. The property consists of one single-story building and includes two parcels (APN: 007-16-300-015-01, 007-16-300-024). This is an ideal opportunity for developers seeking a high-impact location with significant growth potential. The property's size and location make it suitable for a variety of retail concepts, including restaurants, shopping centers, and storefronts. Contact for pricing and further details.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1988
Total area 3,079 SF
Lot 0.97 ac (42,253 SF)
APN 007-16-300-015-01
UPID US43-2460062
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
Current use
Occupant on record · Public records
  • New Port Classic Coney Island Restaurant
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
by Request
Owner & transaction history
2165 Easte Main Street LLC · 20 yrs held
2165 Easte Main Street LLC
since 2006
1 recorded transaction
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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