Listing Agency: DETRICH REAL ESTATE, LLC. Show Phone

Listed By: Michael Thomson Show Phone

Source: Smithrealtygaylord

Added: Sep 20 Last Checked: Sep 24 at 9:31AM

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Investment Insights

Based on property information with market context.

This mixed-use property brings together several independently accessible commercial components. The restaurant includes a dining room and full-service kitchen, while a separate area contains vintage bowling lanes with an adjoining lounge. A main-street-facing office suite has its own street and sidewalk entrance. Additional space includes multiple upper-level rooms and a mostly finished basement.

The property comprises three combined parcels at 221 Morenci Ave in Mio, with access from M-33/Morenci Ave, street parking, and a dedicated rear parking lot. City water and sewer are connected, and natural gas is available on site; remaining utilities are currently disconnected. The improvements require repairs and are offered in as-is condition.

Key Highlights

• Three combined parcels at 221 Morenci Ave, Mio, MI 48647
• Restaurant with dining room and full‑service kitchen
• Vintage bowling lanes with a dedicated lounge area

Property Analytics

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Current Use

Walker's Bar & Restaurant Bar & Pub

Suggested Use

Top Pick Building Supply Auto Parts Store Big Box & Wholesale Store Locksmith Dental Office (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

205

Businesses Nearby

31k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 61% Groceries 32% Home Improvements & Furnishings 7%

Family Fare Groceries

9,942 visits/mo 0.5 miles

Marathon Shops & Services

7,894 visits/mo 0.2 miles

Shell Shops & Services

4,898 visits/mo 0.2 miles

Dollar Tree Shops & Services

4,471 visits/mo 0.4 miles

Mio Ace Hardware Home Improvements & Furnishings

2,065 visits/mo 0.3 miles

Demographics for 48647, MI

4,004

Population

3,139

Households

1.3

Avg Household Size

48

Median Age

14%

College-Educated

84%

High-School Grad

167.2 sq mi

ZIP Area

24

Density / Sq Mi

$50,594

Median Household Income

$31,548

Median Earnings

$587

Median Rent

$122,800

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the lease rate? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Multi-component commercial property combines restaurant, bowling, office, upper-level rooms, and basement space under one ownership.

Where is this mixed-use property located?

The property is located at 221 Morenci Ave Mio, MI.

What is the lease rate?

The lease rate is $90,000.

What are key features of this property?

This property features: Three combined parcels at 221 Morenci Ave, Mio, MI 48647; Restaurant with dining room and full‑service kitchen; Vintage bowling lanes with a dedicated lounge area