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    4512 M 21 Corunna, MI 48817

    For Sale
    $850,000

    Established Bar/Restaurant, High Occupancy

    Property size:
    4,510 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional business opportunity presents a fully operational and profitable bar and restaurant located at 4512 E M-21, Corunna, MI 48817. The 4,510 square foot, two-story building sits on a 4-acre lot and boasts a 100% occupancy rate. Built in 1960, this

    Property Features for 4512 M 21

    General Information

    Property type
    Restaurants
    Square Feet
    4,510 SF
    Class
    B
    Lot Size
    174,240 SF

    Building Details

    Year Built
    1960
    Stories
    2
    Units
    1

    HighLights

    • Profitable, fully operational bar and restaurant for sale.
    • 4,510 SF, two‑story building on a 4‑acre lot in Corunna, MI.
    • Features a large bar, kitchen, dining area, dance floor, DJ booth, pool tables, gaming machines, and outdoor space.
    • Includes upstairs office with security equipment and a full bath, offering potential for on‑site living.
    • Land contract terms available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kooters in the Field Restaurant

    Suggested Use

    Restaurant Building Supply Auto Parts Store Grocery Store Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Corunna
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.0792285
    Latitude
    42.9987942

    Nearby Similar for Sale

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    • $100,000
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    • $150,000
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    • $775,000

      Profitable Bar with Potential

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      Profitable Corunna Bar & Grill

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      4512 M 21, Corunna, MI 48817
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    FAQs

    What type of property is this?
    Restaurant - Established Bar/Restaurant, High Occupancy
    Where is this restaurant located?
    The property is located at 4512 M 21 Corunna, MI.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Profitable, fully operational bar and restaurant for sale.; 4,510 SF, two-story building on a 4-acre lot in Corunna, MI.; Features a large bar, kitchen, dining area, dance floor, DJ booth, pool tables, gaming machines, and outdoor space.
    Request Owner's contact information
    4512 M 21 Corunna, MI 48817
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    Corunna, MI 48817
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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
    4512 M 21 Corunna, MI 48817
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