2550 M 21 Corunna, MI 48817-1103
- Outlet malls
- 111,212 SF
- 5.58 lot acres
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
-
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