Property profile

2611 M 21 Corunna, MI 48817

OFF-MARKET
Commercial real estate
Property ID
US43-3457503
1.52 ac lot
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 4,566-square-foot warehouse presents a significant redevelopment opportunity on a 1.59-acre lot in Corunna, Michigan. Located directly across from a Meijer store and adjacent to its gas station, this property enjoys unparalleled visibility on M-21, boasting approximately 220 feet of frontage. The strategic location is further enhanced by the proximity of other national retailers including Taco Bell, Culver's, Starbucks, McDonald's, Home Depot, and Walmart. The single-story building sits on a parcel with approximately 70 parking spaces, making it ideal for a variety of uses. Currently serviced by a well, public water is available at M-21, and public sewer is accessible from Caledonia Township. The property is zoned B-2, permitting wholesale businesses, large-site retail establishments (including drive-ins, restaurants, repair garages, and service stations). Adding to the investment potential, the property generates approximately $3,300 annually in billboard income through December 2026. The asking price is $675,000, translating to $147.83 per square foot. This is a rare chance to acquire a high-traffic, high-visibility property in a thriving retail corridor. The APN is 007-16-400-012-01. This owner-user investment opportunity is ready for your vision.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.52 ac (66,211 SF)
APN 007-16-400-012-01
UPID US43-3457503

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Building Supply General Contractor
  • Pet Grooming Service
  • Auto Repair Shop
  • Discount Store Party Supply Store

Location

2611 M 21 Corunna, MI 48817-1162
Corunna metro Census 31700 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$265k

Owner & transaction history

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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