Freestanding Retail Building on
For Sale
Contact for pricing
4415 Corunna Rd, Flint, MI 48532
4,488 SF retail building on high-traffic Corunna Road.
Property Size4,488 SF
Price / SF$153.74
Days on Market631
Property Features for 4415 Corunna Rd
General Information
Standard status
Active
Size
4,488 SF
Property subtype
Retail
Building Details
Year Built
2003
Listing Agency:
P.A. Commercial Corporate & Investment Real Estate
(248) 358-5361
Listed By:
Kevin Bull · License #MI
Source:
Crexi
Added: Nov 7, 2024
Changed: Jul 6
Last Checked: Jul 30 at 4:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of P.A. Commercial Corporate & Investment Real Estate
Investment Insights
Based on property information with market context.
This 4,488 square foot freestanding retail building is available for sale. Constructed in 2003 and renovated in 2023, the property is located on high-traffic Corunna Road, less than one mile from I-75, in a busy commercial district. The building features a showroom, a private office, restrooms, and a storage area equipped with an overhead door. A former drive-thru lane and window are still in place. The property includes a 23-space parking lot.
Key Highlights
- High‑traffic location on Corunna Rd, less than a mile from I‑75.
- 4,488 SF free‑standing retail building.**
- Renovated in 2023.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.5k | $15.48 |
| − Vacancy | −$2.9k | −$0.65 |
| EGI | $66.6k | $14.83 |
| − OpEx | −$20.0k | −$4.45 |
| NOI | $46.6k | $10.38 |
4,488 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$665.6K
$582.4K – $776.5K
NOI $46,589 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$944.4K
$826.4K – $1.10M
NOI $66,108 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
Explore this area
Business Placement
Demographics for 48532, MI
19,247
Population
9,093
Households
2.1
Avg Household Size
43
Median Age
19%
College-Educated
88%
High-School Grad
16.0 sq mi
ZIP Area
1,203
Density / Sq Mi
$58,118
Median Household Income
$34,361
Median Earnings
$929
Median Rent
$157,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 4,488 SF retail building on high-traffic Corunna Road.
Where is this retail space located?
The property is located at 4415 Corunna Rd Flint, MI.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: High‑traffic location on Corunna Rd, less than a mile from I‑75.; 4,488 SF free‑standing retail building.**; Renovated in 2023.
