Market Leading 13% Cap Rate Investment Opportunity

115 N Shiawassee Corunna, MI 48817

115 N Shiawassee, Corunna, MI, 48817
115 N Shiawassee, Corunna, MI, 48817 115 N Shiawassee, Corunna, MI, 48817 115 N Shiawassee, Corunna, MI, 48817 115 N Shiawassee, Corunna, MI, 48817 115 N Shiawassee, Corunna, MI, 48817 115 N Shiawassee, Corunna, MI, 48817 115 N Shiawassee, Corunna, MI, 48817 115 N Shiawassee, Corunna, MI, 48817 115 N Shiawassee, Corunna, MI, 48817 115 N Shiawassee, Corunna, MI, 48817 115 N Shiawassee, Corunna, MI, 48817 115 N Shiawassee, Corunna, MI, 48817 115 N Shiawassee, Corunna, MI, 48817 115 N Shiawassee, Corunna, MI, 48817 115 N Shiawassee, Corunna, MI, 48817
FOR SALE Auction Property
Property Type:
Street Retail
Amount:
Please Call Broker for Price

Last Verified:
Apr 09, 2024

Highlights

  • 115 N Shiawassee Street Offers Investors the Rare Opportunity to Acquire a 100% Occupied Cannabis Dispensary and Multifamily Property.
  • Grass Pro Shops Recently Invested $350,000 into its Retail Space, Displaying a Continued Long-Term Commitment to the Property and the Town.
  • Includes Eight On-Site Parking Spaces (a Rare Corunna Amenity) and Additional Parking at an Adjacent Free Community Lot.
  • Excellent Positioning Along Corunna's Main Retail Corridor, with Surrounding Retail Synergies and a Save-A-Lot Shadow Anchor.

Description

Market Leading 13% Cap Rate Investment Opportunity

S Shiawassee St and E McNeil St

Building Size: 4800sq ft
Lot Size: 0 acres


Documents

115 N Shiawassee Flyer April 2024

Map of 115 N Shiawassee, Corunna, MI, 48817

Presented by:
Farbman Group

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Brad Margolis


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.