Active
Land Redevelopment Opportunity
1631 E M 21 Owosso, MI 48867
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Overview
Investment opportunity with minimal landlord responsibilities. Currently operating as a restaurant, this free-standing building sits on 1 acre of land with an abundance of parking. The property offers a great redevelopment opportunity with 125 ft of frontage on M-21 in Owosso's main retail corridor.
Outlot location in front of Walmart and Harbor Freight, Tropical Smoothie and more national retailers.
For Sale
Retail
Secondary Uses: Restaurant
- Sale Price
- $795,000
- Price Per SF
- $218.8/SF
- Cap Rate
- 7.09%
- Building Size
- 3,633 SF
- Acres
- 1 ac
- Net Operating Income
- $56,400
- Number of Buildings
- 1
- Floors
- 1
- Year Built
- 1992
- Property Status
- Existing
- County
- Shiawassee
- Created
- 2025-02-17
- Updated
- 2025-09-15
- Listing ID
- e5df0b5a
- Parcel APN
- 007-17-300-007-03