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    2611 M 21 Corunna, MI 48817

    Sponsored
    For Sale
    $675,000

    Prime M-21 location, high visibility.

    Property size:
    4,566 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,566-square-foot warehouse presents a significant redevelopment opportunity on a 1.59-acre lot in Corunna, Michigan. Located directly across from a Meijer store and adjacent to its gas station, this property enjoys unparalleled visibility on M-21, boasting approximately 220 feet of frontage. The strategic location is further enhanced by the proximity of other national retailers including Taco Bell, Culver's, Starbucks, McDonald's, Home Depot, and Walmart. The single-story building sits on a parcel with approximately 70 parking spaces, making it ideal for a variety of uses. Currently serviced by a well, public water is available at M-21, and public sewer is accessible from Caledonia Township. The property is zoned B-2, permitting wholesale businesses, large-site retail establishments (including drive-ins, restaurants, repair garages, and service stations). Adding to the investment potential, the property generates approximately $3,300 annually in billboard income through December 2026. The asking price is $675,000, translating to $147.83 per square foot. This is a rare chance to acquire a high-traffic, high-visibility property in a thriving retail corridor. The APN is 007-16-400-012-01. This owner-user investment opportunity is ready for your vision.

    Property Features for 2611 M 21

    General Information

    Property type
    Distribution properties
    Square Feet
    4,566 SF
    Lot Size
    69,260 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 4,566 SF warehouse on a 1.59‑acre lot in Corunna, MI.
    • High visibility on M‑21 with approx. 220' of frontage, across from Meijer and adjacent to its gas station.
    • Located in a thriving retail corridor with nearby national retailers.
    • 70+ parking spaces.
    • B‑2 zoning allows for wholesale businesses and large‑site retail uses (including drive‑ins, restaurants, repair garages, and service stations).
    • Approx. $3,300 annual billboard income through December 2026.
    Property Profile Location Intelligence

    Current Use by Public Records

    Intoxalock Ignition Interlock Safety Equipment Supplier Divine Canine Grooming ... Pet Groomer M-21 TOWING & RECOVERY Towing Service Phantom Fireworks Tent Fireworks Store

    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
    -84.1146504
    Latitude
    42.9989808

    Nearby Comparable

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    Nearby Similar for Sale

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    • $775,000

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    FAQs

    What type of property is this?
    Distribution property - Prime M-21 location, high visibility.
    Where is this distribution property located?
    The property is located at 2611 M 21 Corunna, MI.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: 4,566 SF warehouse on a 1.59-acre lot in Corunna, MI.; High visibility on M-21 with approx. 220' of frontage, across from Meijer and adjacent to its gas station.; Located in a thriving retail corridor with nearby national retailers.
    Request Owner's contact information
    2611 M 21 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
    2611 M 21 Corunna, MI 48817
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