401 Shiawassee St Corunna, MI 48817-1035
This exceptional 1,510 square foot single-tenant office building presents a unique opportunity in the heart of Downtown Corunna, Michigan. Situated on a 0.25-acre lot at 401 N Shiawassee St (cross streets Shiawassee and Mack), this special-purpose property boasts a prime location on a busy street, directly across from City Hall and just one block from the county courthouses. Benefit from high visibility and significant daily traffic (estimated 20,000 vehicles). The building features a desirable open floor plan, a large bathroom, two spacious workrooms, and additional attic storage. A dry basement provides extra space. Six on-site parking spaces are included. The property includes a new roof and features 220v, 100-amp power. Its commercial service/retail zoning and river frontage add to its appeal. This stand-alone building offers excellent exposure and is ideal for a variety of businesses. The property is currently vacant, providing immediate occupancy. The address is 48817.
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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
RA · 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.