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    OFF-MARKET
    Specialty properties

    302 Corunna Ave, Corunna, MI 48817-1408

    3,456 SF 0.32 ac lot Built 1973
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US43-2263732
    Property summary
    AI-generated overview

    This exceptional 7,744 square foot free-standing retail building, located at 302 W Corunna Ave, Corunna, MI 48817, presents a unique investment opportunity. Built in 1973, this Class A property sits on a 0.64-acre lot and boasts 6,912 square feet of net rentable space. The single-story building features a striking entry/lobby area with a spacious gathering space easily adaptable into smaller rooms, perfect for various business configurations. A full basement offers additional space, including a smaller meeting area and a private office. An attached garage provides convenient storage or workspace. The property is zoned RA and includes ample parking. While previously used as a funeral home, deed restrictions prohibit its future operation as such, opening the door for a wide range of alternative uses. This prime location in Shiawassee County offers excellent visibility and accessibility. The asking price is $359,900. This is an owner/user investment opportunity with significant potential for a variety of businesses. The property's versatile layout and substantial square footage make it ideal for a contractor's office, insurance agency, real estate office, or similar businesses. Don't miss this chance to acquire a well-maintained, spacious building in a desirable location.

    Property profile
    Verified
    Property type Specialty properties
    Use group FUNERAL HOME
    Year built 1973
    Total area 3,456 SF
    Lot 0.32 ac (13,983 SF)
    Zoning code RA
    APN 026-10-009-009-01
    UPID US43-2263732
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Watkins Brothers Funeral Homes Corunna Chapel Social Service Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Travis Real Est Ventures LLC · 8 yrs held
    Travis Real Est Ventures LLC
    since 2017
    4 recorded transactions
    2017
    $3.1M
    2012
    1969
    1969
    Zoning & alternative use
    RA · Corunna, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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