2165 M 21Owosso, MI 48867

Property Details for 2165 M 21

Year built

1988

Lot size

0.97 AC

Property size (Sq ft)

3,079 SF

Property type

Turn key restaurants

APN

007-16-300-015-01

APU

71630001501

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $774,819

  6.5%

  $715,217

  7%

  $664,130

• Comparable approach

  Method

  Valuation

  Relative Method

  $725,784

  Geo Method

  $725,784

• Alternative Use

  Use

  Valuation

  Residential

  $603,313

  Hospitality

  $552,631

  Educational

  $459,783

  Medical

  $475,595

  Retail

  $715,217

Location Insight

City

Owosso

County

Shiawassee

State

Michigan

Latitude

42.9987

Longitude

-84.1242

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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