833 Delaney RdOwosso, MI 48867

Property Details for 833 Delaney Rd

Lot size

3.00 AC

Property type

Commercial real estate

APN

006-23-300-001-04

APU

62330000104

Description

This exceptional investment opportunity presents a 21,255-square-foot industrial warehouse situated on a 3.03-acre fenced lot in Owosso, Michigan. The property, located at 833 S Delaney Rd, 48867, boasts three buildings constructed in 1992 and includes convenient features such as three loading docks and two dock-high doors. The warehouse itself offers ample space, complemented by front office space and two restrooms. A significant income stream is generated by 51 fully rented storage units, currently operating with a waiting list. This NNN-leased property is vacant and available for occupancy June 1, 2024, offering immediate potential for lease income or owner-occupancy. The asking price is $1,300,000, translating to $61.16 per square foot and $25,490.20 per unit. The property's APN is 006-23-300-001-04. This turnkey investment combines the benefits of a large industrial space with a consistently profitable storage unit operation, presenting a compelling opportunity for significant return.

• Alternative Use

  Use

  Valuation

  Residential

  $25,606,008

  Hospitality

  $23,454,966

  Educational

  $19,514,256

  Medical

  $20,185,382

  Retail

  $30,355,510

Location Insight

City

Owosso

County

Shiawassee

State

Michigan

Latitude

42.9853

Longitude

-84.2056

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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