317 Mcdonnell St Corunna, MI 48817
This exceptional turn-key cannabis dispensary, located at 317 S McDonnell St, Corunna, MI 48817, presents a lucrative investment opportunity. Situated on a 0.34-acre lot (APN 026-10-042-007) in a prime commercial location along a busy state highway, this 1,664 square foot, single-story building (Class B) offers unparalleled visibility and accessibility. Built in 2004 and renovated in 2023, the property boasts a fully operational setup, ready for immediate occupancy on May 13, 2024. The asking price is $499,900 ($300.42/sq ft). Included in the sale is the existing state and local licenses, allowing for a seamless transition for the new owner. The property's previous operation (February-December 2023) demonstrated strong performance, averaging $3,000 in daily sales. The permitted commercial zoning ensures a stable and secure investment. This is a rare opportunity to acquire a thriving, established business with all the necessary infrastructure in place for immediate success in the burgeoning Michigan cannabis market. The property is vacant and ready for a new owner to take over. All aspects of the business are included in the sale price.
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Divine Force Ministries Church
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.