Property profile

2165 M 21 Owosso, MI 48867

OFF-MARKET
Turn key restaurants
Property ID
US43-2460062
3,079 SF 0.97 ac lot Built 1988
Entity Owned 20-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Restaurant

Location

2165 M 21 Owosso, MI 48867-9066
Owosso metro Census 31700 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$420k

Owner & transaction history

since 2006
1 recorded transaction
2006
Price N/A

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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