Technical
Financial
Distress signals
Property profile

118 Corunna Ave Corunna, MI 48817

OFF-MARKET
Auto shops
Property ID
US43-2068258
480 SF 0.11 ac lot Built 1981
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1981
Total area 480 SF
Lot 0.11 ac (5,009 SF)
Zoning code RA
APN 026-10-011-012
UPID US43-2068258

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

118 Corunna Ave Corunna, MI 48817-1311
Corunna metro Census 31600 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Zoning & alternative use

RA · Corunna, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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