118 Corunna Ave, Corunna, MI 48817-1311
This 480-square-foot commercial property is ideally situated in downtown Corunna, Michigan, just one block from Shiawassee Street. The property boasts a convenient location with a large parking lot, adding significant appeal for potential tenants or business owners. The building is constructed of block and benefits from access to natural gas, municipal water, and sewer services. Internal features include an overhead garage door, a half-bath, and convenient alley access. The property sits on a 0.12-acre lot, offering ample space for various uses. The versatile nature of this space presents numerous possibilities for a variety of businesses. A lease option is available at a monthly rate of $850, with the tenant responsible for all associated expenses. This presents a unique opportunity for both ownership and tenancy, making it an attractive investment or business location in the heart of Corunna. The property's prime location and practical features make it a compelling option for entrepreneurs and investors seeking a foothold in a thriving downtown area. The combination of ample parking, convenient utilities, and versatile space makes this property a standout opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RA · Corunna, MICorunna. Always verify with local authorities before improvements.
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.