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415 W State Street, Corunna
$151,500
CLOSED Status ⋅ 3 Baths ⋅ 60984542 MLS
Turnkey income-producing triplex in Corunna, Michigan - generating $22,620 in annual rental income with all 3 units currently leased. This well-maintained 1910 property features a diverse unit mix: a 3-bedroom (1,100 sq ft, $685/mo), a 2-bedroom (920 sq ft, $775/mo), and a studio (250 sq ft, $425/mo), creating multiple income streams and broad tenant appeal. At a list price of $159,900 and a net operating income of $16,979, this property delivers a cap rate of approximately 10.6% - well above typical market benchmarks and an outstanding return for the price point. Situated on a spacious 0.32-acre lot (102x145), the building includes an unfinished basement with upside potential, natural gas forced air heating with separate meters, deck and porch, public water and sewer, asphalt roof, and assigned parking. Priced at just $70.50/sq ft with immediate cash flow in place - this is a straightforward addition to any investment portfolio. By appointment only.

415 W State Street, Corunna

Listing Courtesy of Real Estate For A CAUSE, Office Phone: 810-344-7275

Selling Office: LPS.

302 E State Street, Corunna
$149,900
CLOSED Status ⋅ 4 Beds ⋅ 1 Baths ⋅ 50196284 MLS
OPEN HOUSE Sunday, April 12, 12 to 1:30 pm. Recent repairs completed in late March to foundation, plumbing and electrical. Location Location Location! 4 bedroom home on a large corner lot just a couple blocks from schools and town. Clean and well loved and ready for the next family to begin making memories! Spacious open living areas include a bright kitchen and dining area, and a large bonus room perfect for holidays and entertaining. Main floor laundry right off the kitchen for easy access. Fenced back yard features beautiful perennials and a firepit for enjoying summer nights. Large attached two car garage as well as a shed for additional storage. All appliances stay! Great opportunity for a lot of home at an exceptional price. Being sold as is, seller will consider FHA, VA or RD financing if buyer pays for any lender required repairs. Updated March 24, 2026: Michigan basement foundation professionally repaired including new wood beams and concrete pillars and tuck pointing of stone masonry. Electrical updated and bath tub plumbing replaced.

302 E State Street, Corunna

Listing Courtesy of Kori Shook & Associates, Office Phone: 989-720-4242

Selling Office: Coldwell Banker Professionals-Delta.

301 N Shiawassee Street, Corunna
$125,000
CLOSED Status ⋅ 60944998 MLS
Prime Mixed-Use Investment Opportunity – Corner Lot Across from Courthouse Unlock the potential of this rare gem: a 5,200 sq ft corner lot boasting unbeatable visibility and foot traffic. With a brand-new roof in 2025, new windows, renovated first floor, this property is ready to generate serious income. Features You'll Love: High-traffic location directly across from the courthouse First-floor commercial/retail space with excellent street presence Onsite parking for convenience and accessibility Eligible for SEDC grants – tap into development incentives Strong cash flow potential with retail and residential mix Upstairs Potential: Three spacious 2 bed / 1 bath apartments awaiting final touches Ideal for rental income or owner-occupied units Endless possibilities for customization and value-add

301 N Shiawassee Street, Corunna

Listing Courtesy of American Associates Inc, Office Phone: 810-694-3333

Selling Office: KW Showcase Realty.

227 N Shiawassee Street, Corunna
$65,000
CLOSED Status ⋅ 60973084 MLS
Historic Charm Meets Modern Potential -- 227 N Shiawassee St, Corunna, MI Step into opportunity with this beautifully revitalized commercial gem located directly across from the iconic Shiawassee County Courthouse in the heart of downtown Corunna. Zoned C-1, this versatile property offers a rare blend of retail, office, and residential potential -- ideal for entrepreneurs, investors, or professionals seeking a high-visibility location with endless possibilities. Property Highlights: Over 1,600 sq ft of updated space with new HVAC, AC, windows, paint, and flooring Three private offices, a spacious guest bathroom, and open-concept common areas Dual entrances (front and rear) for flexible access and layout options High-traffic location with excellent visibility and walkability Upstairs rental units ready to be finished -- perfect for residential income or live-work setup Historic architecture with modern upgrades, preserving charm while maximizing functionality Ideal Uses: Real estate brokerage Insurance agency Medical or chiropractic clinic Boutique retail Law firm or financial services Creative studio or co-working space Salon, wellness center, or specialty shop Location Perks: Directly across from the courthouse -- perfect for legal, government, or professional services Surrounded by other thriving businesses and walkable amenities Minutes from M-21 and major routes connecting Owosso, Flint, and Lansing Part of a growing downtown corridor with increasing investor interest Whether you're looking to launch a flagship office, expand your portfolio, or create a mixed-use hub, this property delivers the flexibility, location, and character to make it happen.

227 N Shiawassee Street, Corunna

Listing Courtesy of Prime Real Estate & Associates, Office Phone: 810-458-4848

Selling Office: KW Showcase Realty.

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