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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

317 Mcdonnell St Corunna, MI 48817

1,664 SF 0.34 ac lot Built 2004
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2004
Total area 1,664 SF
Lot 0.34 ac (14,810 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Divine Force Ministries Church
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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