317 Mcdonnell St Corunna, MI 48817
- Retail properties
- 1,664 SF
- 0.34 lot acres
Current Use by Public Records
- Divine Force Ministries / Church
Property Details for 317 Mcdonnell St
- Year built
- 2004
- Lot size
- 0.34 lot acres
- Property size
- 1,664 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Corunna
- County
- Shiawassee
- State
- Michigan
- Longitude
- -84.1148
- Latitude
- 42.9769
