2550 M 21 Corunna, MI 48817-1103
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.
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
C3 · 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.