2898 Meridian RdSanford, MI 48657

Property Details for 2898 Meridian Rd

Year built

1977

Lot size

2.00 AC

Property size (Sq ft)

1,808 SF

Property type

Turn key restaurants

APN

110-021-200-075-00

APU

11002120007500

Description

This exceptional opportunity presents the chance to acquire Marco's Diner, a thriving family-friendly restaurant situated on a highly trafficked section of M-30, conveniently located off US-10 in Midland County. The property boasts a substantial 2-acre lot, providing ample parking and significant potential for expansion, such as adding outdoor seating or a drive-thru. The existing building is a spacious brick structure, offering a welcoming atmosphere for both travelers and locals. Inside, the restaurant features a full bar, a large, well-equipped kitchen with extensive cold and dry storage, and a private office. The current setup includes cozy booths and tables, creating a nostalgic diner ambiance. The menu includes classic diner fare, breakfast served all day, burgers, fries, soups, sandwiches, dinners, and daily specials, catering to a wide range of tastes. This is a turnkey operation, ready for immediate ownership and continued success. The property's location and existing customer base provide a strong foundation for future growth and profitability. The spacious lot offers significant potential for outdoor dining in a wooded setting, enhancing the family-friendly atmosphere. This is a rare opportunity to own a well-established, profitable restaurant with significant expansion potential. The 2,184 square foot building is priced at $650,000.

• CAP approach

  CAP return

  Valuation

  6%

  $166,264

  6.5%

  $153,474

  7%

  $142,512

• Comparable approach

  Method

  Valuation

  Relative Method

  $593,440

  Geo Method

  $593,440

• Alternative Use

  Use

  Valuation

  Residential

  $129,461

  Hospitality

  $118,586

  Educational

  $98,662

  Medical

  $102,055

  Retail

  $153,474

Location Insight

City

Sanford

County

Midland

State

Michigan

Latitude

43.6954

Longitude

-84.3676

CBSA code

33220

CBSA name

MIDLAND, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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