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Turn-Key Restaurant Building For Sale

4018 CORUNNA Rd Flint, MI 48532

Claim this Listing
For Sale
$499,000

Remodeled restaurant building with high traffic location and ample parking.

Type:Commercial
Property size:
3,500 SF
Lot size:
0.67 Acres
Price / SF:
$142/SF
Added:
Mar 12, 2026
Days on Market:
122
Last Refresh:
Jul 2 at 5:46 am

Property Features for 4018 CORUNNA Rd

General Information

Standard status
Active
Size
3,500 SF
Lot size
0.67 Acres
Property subtype
Commercial

Building Details

Year Built
1983

Listing office East Central, LLC

Listing date Mar 12, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of East Central, LLC


Investment Insights

Based on property information with market context.

This attractive stone and brick building, constructed in 1983 and completely remodeled in 2020, offers 3,500 square feet of space on a 0.68-acre lot. Previously operated as a family-owned restaurant for over 40 years, it features two dining areas, a banquet room, a granite bar, and seating for over 100 patrons. The property benefits from a location on a high-traffic road with 124 feet of frontage and convenient access to I-75, I-69, and US-23. Asphalt parking provides ample space for at least 40 vehicles. The restaurant has a long-standing reputation and a consistent clientele, with a large take-out business.

Key Highlights

  • Turnkey restaurant building with established reputation and consistent clientele
  • High‑traffic location with 124 ft frontage and easy access to I‑75, I‑69 & US‑23
  • Recently remodeled in 2020 with 2 dining areas, banquet room, and granite bar

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $50.4k $14.40
− Vacancy −$9.0k −$2.58
EGI $41.4k $11.82
− OpEx −$10.3k −$2.96
NOI $31.0k $8.87
3,500 SF · lease $14.40/SF/yr · vacancy 17.90% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$443.3K
$387.9K – $517.2K (±1% cap)
NOI $31,034 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$736.5K
$644.4K – $859.2K (±1% cap)
NOI $51,554 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Badawest Restaurant Restaurant

Suggested Use

Real Estate Agency Law Firm Building Supply HVAC Service Gym & Fitness Center Hair Salon Daycare Center Electrical Service Plumbing Service Kitchen & Bath Showroom

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

FAQs

What type of property is this?
Conventional restaurant - Remodeled restaurant building with high traffic location and ample parking.
Where is this conventional restaurant located?
The property is located at 4018 CORUNNA Rd Flint, MI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Turnkey restaurant building with established reputation and consistent clientele; High‑traffic location with 124 ft frontage and easy access to I‑75, I‑69 & US‑23; Recently remodeled in 2020 with 2 dining areas, banquet room, and granite bar
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