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    1401 Corunna Ave Owosso, MI 48867

    Sponsored
    For Sale
    $95,000

    Four parcels, high visibility, barn included.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.72-acre property in Owosso, Michigan, presents a unique investment opportunity. Located on the highly visible corner of M-71 (Corunna Ave) and Abrey Street, this offering comprises four parcels (APN: 050-010-031-001-00, 050-010-031-004-00, 050-010-031-002-00, 050-010-031-005-00) zoned B-1/R-1, allowing for diverse commercial and residential uses. Boasting over 100 feet of frontage, the property enjoys excellent visibility and accessibility. A significant feature is the existing 1,000-square-foot barn equipped with electricity, gas, and water/sewer hookups. Its convenient location offers proximity to established neighborhoods and businesses, making it ideal for various ventures. Potential uses include small office space, a contractor's yard, lawn maintenance business, or other similar enterprises. A land contract option is available. The asking price for this remarkable property is $95,000. Don't miss this chance to acquire a strategically located parcel with significant development potential in a thriving Michigan community.

    Property Features for 1401 Corunna Ave

    General Information

    Property type
    Land
    Lot Size
    31,363 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Owosso
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.1533593
    Latitude
    42.9890769

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    FAQs

    What type of property is this?
    Land - Four parcels, high visibility, barn included.
    Where is this land located?
    The property is located at 1401 Corunna Ave Owosso, MI.
    What is the asking price?
    The asking price for this property is $95,000.
    (989) 723-3711
    Request Owner's contact information
    1401 Corunna Ave Owosso, MI 48867
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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
    1401 Corunna Ave Owosso, MI 48867
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