Property summary
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
VerifiedCap rate & NOI
Current use
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Church
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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