317 Mcdonnell St, Corunna, MI 48817
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.
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Divine Force Ministries Church
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
Similar Nearby for Sale
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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.