Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Retail properties & Spaces

    317 Mcdonnell St, Corunna, MI 48817

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

    This exceptional turn-key cannabis dispensary in Corunna, MI, presents a unique investment opportunity. Located at 317 S McDonnell St, this freestanding retail property boasts 1,664 square feet on a 0.34-acre lot, zoned for commercial use (APN: 026-10-042-007). Situated in the Owosso submarket of Mid-Michigan, its prime location along a busy state highway ensures high visibility and accessibility. The property includes a fully operational, state-approved setup, ready for immediate operation. The interior is meticulously designed to meet all regulatory requirements, and the infrastructure is fully compliant. This dispensary operated successfully from February to December 2023, achieving an average daily sales volume of $3,000. The sale includes both the existing municipal license and the real estate, offering a seamless transition for the new owner. This represents a significant opportunity to capitalize on the growth of Michigan's cannabis market. The property is single-tenant and offers immediate occupancy. This is a rare opportunity to acquire a profitable, established business with significant growth potential in a desirable location. The property is located in the Mid-Michigan submarket cluster, within the city of Corunna, MI, zip code 48817.

    Property profile
    Verified
    Property type Retail properties & Spaces
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 317 Mcdonnell St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message