Property profile

304 M-71 Corunna, MI 48817

OFF-MARKET
Retail properties & Spaces
540 SF 0.3 ac lot Built 1970
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Property summary

AI-generated overview

This renovated 540 sq ft retail building in Corunna, Michigan, presents a fantastic opportunity for a variety of food-service businesses. Located at 304 M-71, this vacant property boasts a newly updated interior, perfect for a convenience store, quick-service restaurant, or similar venture. The space includes a three-compartment sink, ample prep areas, and coolers, enhancing operational efficiency. Two walk-in coolers/freezers are conveniently located at the rear of the building, providing ample cold storage. The building's walk-up service windows cater to quick and easy customer transactions. Situated on a 0.3-acre lot, the property offers a large parking area ensuring convenient customer access and ample parking. Its prime location within a bustling Corunna neighborhood, surrounded by other local businesses, guarantees high visibility and foot traffic. Built in 1970, this single-story building is zoned C2, allowing for a range of commercial uses. The asking price is $104,900. Don't miss this chance to acquire a turn-key retail space in a thriving community.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1970
Total area 540 SF
Lot 0.3 ac (13,068 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

304 M-71 Corunna, MI 48817
Corunna metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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