Property profile

302 Corunna Ave Corunna, MI 48817

OFF-MARKET
Specialty properties
Property ID
US43-2263732
3,456 SF 0.32 ac lot Built 1973
Entity Owned 8-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Social Service Agency

Location

302 Corunna Ave Corunna, MI 48817-1408
Corunna metro Census 31600 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2017
4 recorded transactions
2017
$3.1M
2012
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

RA · Corunna, MI

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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