Property profile

2898 Meridian Rd Sanford, MI 48657

OFF-MARKET
Turn key restaurants
Property ID
US43-2225204
1,808 SF 2 ac lot Built 1977
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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 profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1977
Total area 1,808 SF
Lot 2 ac (87,120 SF)
APN 110-021-200-075-00
UPID US43-2225204

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

2898 Meridian Rd Sanford, MI 48657-9542
Sanford metro Census 291103 MIDLAND, MI MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$110k

Owner & transaction history

since 2025
Last sale
$150,000
4 recorded transactions
2025
$150,000
2025
$150,000
2023
Price N/A
2013
$95,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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