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    302 Corunna Ave Corunna, MI 48817

    Sponsored
    For Sale
    $359,900

    7,744 SF Free-Standing Building

    Property size:
    7,744 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,744 square foot free-standing retail building, located at 302 W Corunna Ave, Corunna, MI 48817, presents a unique investment opportunity. Built in 1973, this Class A property sits on a 0.64-acre lot and boasts 6,912 square feet of net rentable space. The single-story building features a striking entry/lobby area with a spacious gathering space easily adaptable into smaller rooms, perfect for various business configurations. A full basement offers additional space, including a smaller meeting area and a private office. An attached garage provides convenient storage or workspace. The property is zoned RA and includes ample parking. While previously used as a funeral home, deed restrictions prohibit its future operation as such, opening the door for a wide range of alternative uses. This prime location in Shiawassee County offers excellent visibility and accessibility. The asking price is $359,900. This is an owner/user investment opportunity with significant potential for a variety of businesses. The property's versatile layout and substantial square footage make it ideal for a contractor's office, insurance agency, real estate office, or similar businesses. Don't miss this chance to acquire a well-maintained, spacious building in a desirable location.

    Property Features for 302 Corunna Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,744 SF
    Class
    A
    Lot Size
    27,878 SF

    Building Details

    Year Built
    1973
    Buildings
    1
    Stories
    1

    HighLights

    • 7,744 SF free‑standing retail building on a 0.64‑acre lot in Corunna, MI.
    • 6,912 SF of net rentable space in a Class A building constructed in 1973.
    • Features a spacious entry/lobby, full basement with meeting area and private office, and an attached garage.
    • Ample parking and zoned RA; previously a funeral home, but deed restrictions prohibit future funeral home use.
    • Asking price: $359,900; ideal for owner‑users; excellent visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Watkins Brothers Funeral ... Funeral Home

    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
    -84.1210427
    Latitude
    42.982163

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Individual retail property - 7,744 SF Free-Standing Building
    Where is this individual retail property located?
    The property is located at 302 Corunna Ave Corunna, MI.
    What is the asking price?
    The asking price for this property is $359,900.
    What are key features of this property?
    This property features: 7,744 SF free-standing retail building on a 0.64-acre lot in Corunna, MI.; 6,912 SF of net rentable space in a Class A building constructed in 1973.; Features a spacious entry/lobby, full basement with meeting area and private office, and an attached garage.
    (989) 723-3711
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    302 Corunna Ave 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
    302 Corunna Ave Corunna, MI 48817
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