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    118 Corunna Ave Corunna, MI 48817

    For Sale
    $75,000

    High-potential commercial property, great location.

    Property size:
    480 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This 480-square-foot commercial property is ideally situated in downtown Corunna, Michigan, just one block from Shiawassee Street. The property boasts a convenient location with a large parking lot, adding significant appeal for potential tenants or business owners. The building is constructed of block and benefits from access to natural gas, municipal water, and sewer services. Internal features include an overhead garage door, a half-bath, and convenient alley access. The property sits on a 0.12-acre lot, offering ample space for various uses. The versatile nature of this space presents numerous possibilities for a variety of businesses. A lease option is available at a monthly rate of $850, with the tenant responsible for all associated expenses. This presents a unique opportunity for both ownership and tenancy, making it an attractive investment or business location in the heart of Corunna. The property's prime location and practical features make it a compelling option for entrepreneurs and investors seeking a foothold in a thriving downtown area. The combination of ample parking, convenient utilities, and versatile space makes this property a standout opportunity.

    Property Features for 118 Corunna Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    480 SF
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1981
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corunna
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.11878
    Latitude
    42.98224

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    FAQs

    What type of property is this?
    Commercial real estate - High-potential commercial property, great location.
    Where is this commercial real estate located?
    The property is located at 118 Corunna Ave Corunna, MI.
    What is the asking price?
    The asking price for this property is $75,000.
    (517) 351-3617
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    118 Corunna Ave Corunna, MI 48817
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    Corunna, MI 48817
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    118 Corunna Ave Corunna, MI 48817
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