Corunna, MI 48867
Riverwood Crossing, located at E M 21 in Corunna, Michigan (zip code 48867), offers exceptional retail, restaurant, and office space opportunities. This single-story, 50,508 square foot shopping center, built in 1992 and renovated in 2015, sits on 8.2 acres of land and is zoned for commercial use. Currently, there are seven suites in total, with 15,025 square feet of vacant space available. Individual suite sizes range from 1,050 to 5,400 square feet, with a maximum contiguous space of 5,400 square feet. The center enjoys a high-traffic location next to a Super Walmart, drawing customers from a 30-mile radius, boasting a daily vehicle count of 24,000 and a trade area population exceeding 50,000. This vibrant shopping center is anchored by established businesses including Harbor Freight, Dollar Tree, ATI Physical Therapy, and Jet's Pizza, providing strong synergy and a built-in customer base. The property's versatile spaces are ideal for a variety of uses, including retail, restaurants, general office space, or medical offices. Located in Shiawassee County, this property presents a compelling investment opportunity in a thriving commercial area.
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
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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.