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    317 Mcdonnell St Corunna, MI 48817

    For Lease
    $865 /Mo ($6 SF/Yr)

    Thriving Corunna, MI Retail Space

    Lot size:
    1,664 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional turn-key cannabis dispensary in Corunna, MI, presents a unique investment opportunity. Located at 317 S McDonnell St, this freestanding retail property boasts 1,664 square feet on a 0.34-acre lot, zoned for commercial use (APN: 026-10-042-007). Situated in the Owosso submarket of Mid-Michigan, its prime location along a busy state highway ensures high visibility and accessibility. The property includes a fully operational, state-approved setup, ready for immediate operation. The interior is meticulously designed to meet all regulatory requirements, and the infrastructure is fully compliant. This dispensary operated successfully from February to December 2023, achieving an average daily sales volume of $3,000. The sale includes both the existing municipal license and the real estate, offering a seamless transition for the new owner. This represents a significant opportunity to capitalize on the growth of Michigan's cannabis market. The property is single-tenant and offers immediate occupancy. This is a rare opportunity to acquire a profitable, established business with significant growth potential in a desirable location. The property is located in the Mid-Michigan submarket cluster, within the city of Corunna, MI, zip code 48817.

    Property Features for 317 Mcdonnell St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,664 SF
    Total Rate
    865.8

    Unit(s) available at that property

    Space
    Size
    1,664 SF
    Rate per SF
    $865

    HighLights

    • Turnkey dispensary ready for immediate operation.
    • Lease includes a municipal adult‑use retailer license.
    • High‑visibility location on a state highway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Divine Force Ministries Church

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Corunna
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.114967948939
    Latitude
    42.976889577634

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    FAQs

    What type of property is this?
    Individual retail property - Thriving Corunna, MI Retail Space
    Where is this individual retail property located?
    The property is located at 317 Mcdonnell St Corunna, MI.
    What is the lease rate?
    The lease rate is $865 /Mo.
    What are key features of this property?
    This property features: Turnkey dispensary ready for immediate operation.; Lease includes a municipal adult-use retailer license.; High-visibility location on a state highway.
    Request Owner's contact information
    317 Mcdonnell St 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
    317 Mcdonnell St Corunna, MI 48817
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