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    2898 Meridian Rd Sanford, MI 48657

    Sponsored
    For Sale
    $650,000

    Turn-key diner on 2 acres, high traffic location.

    Property size:
    2,184 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional opportunity presents the chance to acquire Marco's Diner, a thriving family-friendly restaurant situated on a highly trafficked section of M-30, conveniently located off US-10 in Midland County. The property boasts a substantial 2-acre lot, providing ample parking and significant potential for expansion, such as adding outdoor seating or a drive-thru. The existing building is a spacious brick structure, offering a welcoming atmosphere for both travelers and locals. Inside, the restaurant features a full bar, a large, well-equipped kitchen with extensive cold and dry storage, and a private office. The current setup includes cozy booths and tables, creating a nostalgic diner ambiance. The menu includes classic diner fare, breakfast served all day, burgers, fries, soups, sandwiches, dinners, and daily specials, catering to a wide range of tastes. This is a turnkey operation, ready for immediate ownership and continued success. The property's location and existing customer base provide a strong foundation for future growth and profitability. The spacious lot offers significant potential for outdoor dining in a wooded setting, enhancing the family-friendly atmosphere. This is a rare opportunity to own a well-established, profitable restaurant with significant expansion potential. The 2,184 square foot building is priced at $650,000.

    Property Features for 2898 Meridian Rd

    General Information

    Property type
    Industrial properties
    Square Feet
    2,184 SF
    Lot Size
    87,120 SF

    Building Details

    Year Built
    1977
    Property Profile Location Intelligence

    Current Use by Public Records

    Marco’s Diner American Restaurant

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness Pharmacy Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Midland
    State
    Michigan
    Longitude
    -84.36769
    Latitude
    43.69553

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    FAQs

    What type of property is this?
    Industrial property - Turn-key diner on 2 acres, high traffic location.
    Where is this industrial property located?
    The property is located at 2898 Meridian Rd Sanford, MI.
    What is the asking price?
    The asking price for this property is $650,000.
    (989) 349-3039
    Request Owner's contact information
    2898 Meridian Rd Sanford, MI 48657
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    Sanford, MI 48657
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2898 Meridian Rd Sanford, MI 48657
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