921 Corunna AveCorunna, MI 48817

Property Details for 921 Corunna Ave

Year built

1980

Lot size

3.03 AC

Property size (Sq ft)

20,912 SF

Zone code

RA

Property type

Warehouses

Property subtype

Self storage facilities

APN

026-50-002-001

APU

2650002001

Description

This exceptional self-storage investment opportunity in Corunna, Michigan, presents a compelling prospect for discerning investors. The property boasts a remarkable 95% occupancy rate, generating a substantial annual income of $130,000. Comprising six buildings on a 3.03-acre lot (APN: 026-50-002-001), this facility offers 184 units ranging in size from 5'x10' to 10'x30', catering to a diverse range of storage needs. Built in 2000, the property benefits from a secure environment, enhanced by a perimeter fence and on-site security cameras. Currently managed by the owner using Easy Storage Solutions software, this turnkey operation is strategically located between Corunna and Owosso, conveniently situated across from an apartment complex and a single-family residential neighborhood, with easy access to M-52. The asking price is $1,900,000, translating to an attractive price per unit of $10,326.09. This presents a rare chance to acquire a well-established, high-performing self-storage business with significant growth potential. The property's strong occupancy and prime location make it an ideal investment for those seeking stable returns and long-term appreciation.

• Alternative Use

  Use

  Valuation

  Residential

  $4,097,588

  Hospitality

  $3,753,369

  Educational

  $3,122,759

  Medical

  $3,230,155

  Retail

  $4,857,625

Location Insight

City

Corunna

County

Shiawassee

State

Michigan

Latitude

42.9845

Longitude

-84.1377

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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