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    401 Shiawassee St Corunna, MI 48817

    Sponsored
    For Lease
    $5 SF/Yr ($694 /Mo)

    Downtown Corunna office, riverfront, high traffic.

    Lot size:
    1,510 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,510 square foot single-tenant office building presents a unique opportunity in the heart of Downtown Corunna, Michigan. Situated on a 0.25-acre lot at 401 N Shiawassee St (cross streets Shiawassee and Mack), this special-purpose property boasts a prime location on a busy street, directly across from City Hall and just one block from the county courthouses. Benefit from high visibility and significant daily traffic (estimated 20,000 vehicles). The building features a desirable open floor plan, a large bathroom, two spacious workrooms, and additional attic storage. A dry basement provides extra space. Six on-site parking spaces are included. The property includes a new roof and features 220v, 100-amp power. Its commercial service/retail zoning and river frontage add to its appeal. This stand-alone building offers excellent exposure and is ideal for a variety of businesses. The property is currently vacant, providing immediate occupancy. The address is 48817.

    Property Features for 401 Shiawassee St

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,510 SF
    Total Rate
    694.6

    Unit(s) available at that property

    Space
    Size
    2,006 SF
    Rate per SF
    $5

    HighLights

    • Freestanding building.
    • Riverfront location on the Shiawassee River.
    • Situated on Shiawassee Street, a major retail thoroughfare with high traffic counts.
    • Features an open floor plan.
    • High vaulted ceilings.
    • Build‑to‑suit opportunity available.
    Property Profile Location Intelligence

    Current Use by Public Records

    River Rock Social ... Lounge River Rock Music ... Music Management And Promotion

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Corunna
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.118199227202
    Latitude
    42.982916883434

    Nearby Comparable

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      Office Space Available For Rent

      Office space available for rent at 115 N Shiawassee, Corunna.
      115 N Shiawassee St, Corunna, MI 48817
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    Nearby Similar for Lease

    • $865 /Mo
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      Turn-Key Cannabis Dispensary

      Thriving Corunna, MI Retail Space
      317 Mcdonnell St, Corunna, MI 48817
      View Details
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      Prime Corunna retail space, multiple suites available.
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      16,025 SF retail suite in busy retail center.
      2500 E Main St, Corunna, MI
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      East Town Plaza Retail Center

      High-traffic retail space in Corunna, MI
      2500 M 21, Corunna, MI 48817
      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?
    Specialty property - Downtown Corunna office, riverfront, high traffic.
    Where is this specialty property located?
    The property is located at 401 Shiawassee St Corunna, MI.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: Freestanding building.; Riverfront location on the Shiawassee River.; Situated on Shiawassee Street, a major retail thoroughfare with high traffic counts.
    Request Owner's contact information
    401 Shiawassee St 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
    401 Shiawassee St Corunna, MI 48817
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