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    Property profile & analytics
    FOR SALE
    Turn key restaurants

    4512 E M 21 Corunna, MI 48817

    4,420 SF 4 ac lot Built 1960
    Entity Owned 15-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-2318908
    4512 E M 21, Corunna, MI 48817 For Sale 1 / 47
    Contact for pricing 4,420 SF
    4512 E M 21, Corunna, MI 48817
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    Property summary
    AI-generated overview

    This exceptional turnkey business opportunity presents a fully operational and profitable bar and grill located at 4512 E M 21, Corunna, MI. The 4,510 square foot building sits on a generous 4-acre lot, offering ample space for parking and potential expansion. The interior boasts a large, fully stocked bar, a well-equipped kitchen, a spacious dining area perfect for accommodating numerous patrons, and a permitted dance floor complete with a DJ booth. Entertainment options include pool tables and gaming machines, adding to the venue's appeal. An expansive outdoor area provides additional seating and ambiance. Upstairs, a private office equipped with security systems offers a balcony overlooking the parking lot and a full bathroom with a shower, presenting the possibility of converting it into a residential unit for on-site living. The business is currently staffed and equipped, ready for immediate operation. This established bar presents a significant opportunity for a new owner to implement their own strategies and further enhance profitability. The substantial size of the property and the existing infrastructure provide a solid foundation for growth and success in the Corunna market. The asking price for this thriving business is $850,000.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1960
    Total area 4,420 SF
    Lot 4 ac (174,240 SF)
    APN 007-23-200-011-01
    UPID US43-2318908
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Kooters in the Field Restaurant
    1 occupant on record
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Ken Holdings LLC · 15 yrs held
    Ken Holdings LLC
    since 2011
    5 recorded transactions
    2011
    $17,000
    2010
    $34,000
    2010
    Price N/A
    2006
    Price N/A
    1969
    Price N/A
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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