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Financial
Distress signals
Property profile

4512 E M 21 Corunna, MI 48817

FOR SALE
Turn key restaurants
Property ID
US43-2318908
4,420 SF 4 ac lot Built 1960
Last sale May 2011 · $17,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 15-yr Hold Held for 15 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 4,510-square-foot bar/entertainment venue configured with a large indoor bar area, a kitchen, and a dining area, along with a permitted dance floor, DJ booth, pool tables, and gaming machines. It includes an outdoor area for patron use. An upstairs office is present and contains security equipment, a full bathroom with a shower, and a balcony overlooking the parking lot. The property had a roof replacement scheduled for 2025.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$4k
Tax billed · 2024
Assessed value$160k
Effective rate2.73%

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
6.33%
$47k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSHIAWASSEE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply9.1
Auto Parts Store8.6
Carpet & Flooring Store8.2

Location

4512 E M 21 Corunna, MI 48817
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
304 Mcneil, Corunna, MI 48817-1714 $90,000 Mar 2025 540 SF
327 Shiawassee, Corunna, MI 48817-1439 $50,000 Aug 2024 2,208 SF
129 Shiawassee, Corunna, MI 48817-1435 $24,000 Mar 2024 2,640 SF
2550 M 21, Corunna, MI 48817-1103 $200,000 Sep 2023 No data
111 Shiawassee, Corunna, MI 48817-1435 $60,000 Apr 2023 1,952 SF
444 Mcneil, Corunna, MI 48817-1753 $425,000 Jan 2021 6,560 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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