Commercial Real Estate Market in Corunna, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 207 off-market properties in Corunna, MI. Commercial property asks $190/SF to buy and $6.50/SF/Yr to lease.
Market Trends
Corunna, MI spans 58.9 square miles in Shiawassee County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Corunna, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Corunna, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Corunna, MI runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Corunna, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Industrial 62.5%
- Open space 14.5%
- Commercial 13.9%
- Residential 5.2%
- Mixed use 3.6%
- Planned_development 0.3%
Largest Zones share of zoned land by district
One Family Residential
Recreation Conservation
Industrial
General Business
Multiple Family Residential
Corunna, MI zones 2,066 acres across 11 districts. Commercial zoning covers 13.9% of zoned land, residential 5.2%, open space 14.5% and industrial 62.5%. The largest single district is One Family Residential at 45.6%. For commercial buyers the practical constraint is that only 76.4% of land carries a commercial or industrial designation.
One Family Residential (R-A)
The following special condition uses shall be permitted in the R-A district subject to the conditions required in this section for each use, subject to any and all reasonable conditions which may be imposed in accordance with § 4c.(2) of the City-Village Zoning Act (MCL 125.584c, MSA 5.2934(3)), as amended, and further subject to review and approval by the P…
Market overview
Demographics & Economy
Corunna, MI has 5,714 residents in 2,513 households. Density runs 97 people per square mile. Median household income here is $57,468 and median gross rent $879 a month.
5,714
Population
2,513
Households
2.3
Avg Household Size
45
Median Age
16%
College-Educated
96%
High-School Grad
58.9 sq mi
ZIP Area
97
Density / Sq Mi
$57,468
Median Household Income
$39,300
Median Earnings
$879
Median Rent
$164,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Vernon | — | — |
| Bancroft | — | — |
| Durand | — | — |
| Lennon | — | — |
Commercial property in Corunna, MI asks $190/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Corunna?
Commercial property in Corunna, MI asks an average of $190 per square foot. The 3 most recent recorded sales traded at a median of $74/SF, so asking sits 155% above the achieved median.
How much does it cost to lease commercial space in Corunna?
Asking lease rates in Corunna, MI average $6.50 per square foot per year.
What zoning applies to commercial property in Corunna?
Corunna, MI zones 2,066 acres across 11 districts, of which 13.9% is commercial and 62.5% industrial. The largest single district is One Family Residential at 45.6% of zoned land. The following special condition uses shall be permitted in the R-A district subject to the conditions required in this section for each use, subject to any and all reasonable conditions which may be imposed in accordance with § 4c.(2) of the City-Village Zoning Act (MCL 125.584c, MSA 5.2934(3)), as amended, and further subject to review and approval by the P… Residential zoning covers 5.2% and open space 14.5%.
Where does Realmo's Corunna market data come from?
Realmo compiles Corunna, MI figures from 4 recent recorded sales, 9 active sale listings, 2 active lease listings, 207 tracked off-market properties, the current Corunna zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 2 active for-lease listings in Corunna, MI. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 2,066 zoned acres across 11 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
