4415 Corunna Rd Flint, MI 48532
- Commercial real estate
- 4,488 SF
- 0.86 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4415 Corunna Rd
- Year built
- 2003
- Lot size
- 0.86 lot acres
- Property size
- 4,488 SF
- Property type
- Commercial real estate
- APN
- 07-21-100-023
- APU
- 721100023
Description
This exceptional 4,488-square-foot retail storefront, located at 4415 Corunna Rd in Flint, Michigan, presents a unique owner-user investment opportunity. Built in 2003 and extensively renovated in 2023, this Class B building boasts a 100% occupancy rate and sits on a 0.86-acre lot with ample parking for 23 vehicles. The property features a showroom, restrooms, office space, and a storage area with an overhead door. A former drive-thru lane and window remain, offering potential for future expansion or adaptation. The building is zoned C-2 and enjoys a prime location on Corunna Road, experiencing high traffic volume of 14,500 cars daily, less than a mile from I-75. This thriving commercial area includes nearby businesses such as Starbucks, Tropical Smoothie, Walmart, and Home Depot. The sale includes over $100,000 worth of existing inventory. The roof and HVAC systems are in excellent condition. This is a turnkey operation ready for immediate success. Asking price is $950,000 ($211.68/sq ft).
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $550,000
- 6.5%
- $495,000
- 7%
- $515,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $545,000
- Geo Method
- $515,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $440,000
- Retail
- $495,000
- Mixed-Use
- $545,000
- Hospitality
- $500,000
- Educational
- $555,000
- Residential Income
- $535,000
- Energy
- $440,000
- Income-Based Land
- $475,000
- Food Service
- $435,000
Location Insight
- Map
- Local Demand
- City
- Flint
- County
- Genesee
- State
- Michigan
- Longitude
- -83.7687
- Latitude
- 43.0016
- CBSA code
- 22420
- CBSA name
- FLINT, MI METROPOLITAN STATISTICAL AREA