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Property profile & analytics

2550 M 21 Corunna, MI 48817-1103

  • Outlet malls
  • 111,212 SF
  • 5.58 lot acres
OFF-MARKET
Value Estimation
$215,000
Last Sale
Sep 01, 2023
$200,000
Location Intelligence
Property ID
US43-2308701
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Outlet malls

Property Details for 2550 M 21

Year built
1973
Lot size
5.58 lot acres
Property size
111,212 SF
Zone code
C3
Property type
Outlet malls
APN
026-70-078-000
APU
2670078000

Description

This exceptional 2,400 square foot free-standing retail building, constructed in 2021, boasts a highly desirable location on M-21, offering unparalleled visibility and accessibility. Situated on a 1.2-acre lot within the East Town Plaza outlot, this single-tenant property benefits from its strategic corner placement at State Road and East M-21, directly across from a major Meijer store. The building's prime location ensures high traffic volume and multiple points of ingress and egress, maximizing exposure to potential customers. With ample parking (36 spaces) available, customer convenience is prioritized. The building's versatile design, previously configured for dispensary use, is easily adaptable to a variety of retail or personal service businesses. The property's single-story design and modern construction ensure efficient operation and low maintenance costs. The property's APN is 026-70-078-003, located in Shiawassee County. This turnkey opportunity presents a rare chance to acquire a well-positioned retail space in a thriving commercial area. The entire 2,400 square feet is currently vacant, providing immediate occupancy for a new tenant. This property is ideal for businesses seeking high visibility and convenient access in a busy commercial corridor.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $215,000
  • CAP approach

    CAP return
    Estimation
    6%
    $200,000
    6.5%
    $220,000
    7%
    $205,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $225,000
    Geo Method
    $185,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $225,000
    Retail
    $220,000
    Mixed-Use
    $260,000
    Hospitality
    $250,000
    Educational
    $185,000
    Residential Income
    $210,000
    Energy
    $240,000
    Income-Based Land
    $220,000
    Food Service
    $245,000

Location Insight

  • Map
  • Local Demand
City
Corunna
County
Shiawassee
State
Michigan
Longitude
-84.117
Latitude
42.998
CBSA code
29620
CBSA name
LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,744
$0.00
$0.00
$0.00
-
$0.00
$0.00
$0.00
More about this property
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