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Property profile & analytics
OFF-MARKET
Commercial land

401 Shiawassee St Corunna, MI 48817-1035

Entity Owned 20-yr Hold Absentee Owner Free & Clear
Property ID
US43-3266368
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Zoning code RA
APN 026-10-004-000
UPID US43-3266368
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
  • River Rock Social Club Bar & Pub Nightclub
  • River Rock Music LLC Music Venue
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
by Request
Owner & transaction history
River Bank Co LLC · 20 yrs held
River Bank Co LLC
since 2006
3 recorded transactions
2006
$95,000
2005
$95,000
2005
Price N/A
Zoning & alternative use
RA · Corunna, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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