Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2500 M 21 Corunna, MI 48817

    For Lease
    Contact for pricing

    High-traffic retail space in Corunna, MI

    Lot size:
    109,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    East Town Plaza, a 109,000 square foot retail center in Corunna, Michigan, presents a compelling investment opportunity. This single-story, 1975-built property sits on a 10.54-acre lot at the highly visible intersection of E M 21 and N Shiawassee Street, boasting 550 parking spaces. The center currently features six suites, with 12,500 square feet of vacant space available for lease. The property's zoning is Commercial (APN: 026-70-078-000). Its prime location offers exceptional visibility and accessibility, situated directly across from major retailers including Meijer, Home Depot, Applebee's, and Culver's. Current tenants include Volunteers of America, Family Farm & Home, and Rivals Taphouse and Grille, establishing a strong tenant mix. Two in-line suites are available within this established retail corridor, providing immediate access to a substantial customer base. This property is an ideal location for businesses seeking high visibility and convenient access in a thriving commercial area of Shiawassee County. The property's size and location make it suitable for a variety of retail uses, offering significant potential for growth and return on investment.

    Property Features for 2500 M 21

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    109,000 SF

    Building Details

    Year Built
    1975
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    4,475 SF
    Space
    Suite F
    Size
    16,025 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Family Farm & Home Farm Shop Hi-Temp Heating & Cooling, ... Hvac Contractor Rivals Taphouse & Grille Sports Bar

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Corunna
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.1174998
    Latitude
    42.9970641

    Nearby Similar for Lease

    • $865 /Mo
      1,664 SF

      Turn-Key Cannabis Dispensary

      Thriving Corunna, MI Retail Space
      317 Mcdonnell St, Corunna, MI 48817
      View Details
    • $11 SF/Yr
      50,508 SF

      Riverwood Crossing Retail Spaces

      Prime Corunna retail space, multiple suites available.
      Corunna, MI 48867
      View Details
    • $5 SF/Yr
      1,510 SF

      River Rock Building: Corunna Office Space

      Downtown Corunna office, riverfront, high traffic.
      401 Shiawassee St, Corunna, MI 48817
      View Details
    • $14 SF/Yr
      16,025 SF

      Retail Center In-Line Suite

      16,025 SF retail suite in busy retail center.
      2500 E Main St, Corunna, MI
      View Details
    • Contact for pricing
      1,012 SF

      Meijer In-Store Retail Space

      Corunna, MI: 1,012 sq ft Retail Space
      2591 M 21, Corunna, MI 48817
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for rent at 115 N Shiawassee, Corunna.
      115 N Shiawassee St, Corunna, MI 48817
      View Details

    FAQs

    What type of property is this?
    Restaurant - High-traffic retail space in Corunna, MI
    Where is this restaurant located?
    The property is located at 2500 M 21 Corunna, MI.
    Request Owner's contact information
    2500 M 21 Corunna, MI 48817
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2500 M 21
    Corunna, MI 48817
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2500 M 21 Corunna, MI 48817
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.