M 21 Owosso Development Land
Development Land Available for Ground Lease - Adjacent to Home Depot
Marketing description
M 21 Owosso Development Land at 2165 East Main Street, Owosso, MI 48867 presents a rare opportunity to acquire a high-visibility 4.01-acre retail development site along one of Owosso’s primary commercial corridors. Positioned directly adjacent to Home Depot and near the signalized intersection of M-21 and Shiawassee Street, the property benefits from outstanding exposure to approximately 16,871 vehicles per day.
This two-parcel assemblage offers exceptional flexibility for investors, developers, and owner-users. The site includes a 3.04-acre vacant parcel plus a 0.97-acre improved parcel featuring an existing 3,079 SF drive-thru building, creating immediate potential for redevelopment, repositioning, or a variety of retail and service-oriented uses.
Surrounded by major national retailers including Meijer, Walmart, ALDI, Starbucks, McDonald’s, AutoZone, and more, the property is ideally situated to capitalize on strong retail synergy and consistent consumer traffic. With more than 26,000 residents within five miles and average household income exceeding $72,000, this is a standout opportunity for QSR, medical, banking, automotive, or service users seeking a premier location in the heart of Owosso’s retail trade area.
Investment highlights
- Prime Development Opportunity on M-21 – 4.01-acre assemblage positioned along East Main Street (M-21), offering excellent visibility and frontage on one of Owosso’s primary retail corridors.
- Adjacent to The Home Depot – Located directly next to Home Depot, benefiting from strong daily traffic and established regional retail draw.
- Signalized Retail Corridor – Situated near the signalized intersection of M-21 and Shiawassee Street, with exposure to 16,871+ vehicles per day, providing strong visibility and accessibility.
- Flexible Development Potential – Property includes two parcels totaling 4.01 acres, including a 3.04-acre vacant development parcel and a 0.97- acre improved parcel with existing 3,079 SF drive-thru building, allowing multiple redevelopment or ground lease strategies.
- Surrounded by National Retailers – Nearby retailers include Meijer, Walmart, ALDI, Starbucks, AutoZone, McDonald's, and The Home Depot, reinforcing the site’s strong retail synergy.
- Strong Demographics & Regional Draw – Over 27,000 residents within 5 miles with $69,562 average household income, supporting long-term retail demand.
- Ideal for Retail / QSR / Medical / Service Uses – Existing drive-thru infrastructure and strong surrounding retail activity make the site well suited for quick-service restaurants, banks, medical users, or service oriented operators.
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