2611 M 21, Corunna, MI 48817-1162
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.
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Phantom Fireworks Tent Discount Store Party Supply Store
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
No recorded transactions found for this property.
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.