4512 M 21Corunna, MI 48817

Property Details for 4512 M 21

Year built

1960

Lot size

4.00 AC

Property size (Sq ft)

4,420 SF

Property type

Turn key restaurants

APN

007-23-200-011-01

APU

72320001101

Description

This exceptional turnkey business opportunity presents a fully operational and profitable bar and grill located at 4512 E M 21, Corunna, MI. The 4,510 square foot building sits on a generous 4-acre lot, offering ample space for parking and potential expansion. The interior boasts a large, fully stocked bar, a well-equipped kitchen, a spacious dining area perfect for accommodating numerous patrons, and a permitted dance floor complete with a DJ booth. Entertainment options include pool tables and gaming machines, adding to the venue's appeal. An expansive outdoor area provides additional seating and ambiance. Upstairs, a private office equipped with security systems offers a balcony overlooking the parking lot and a full bathroom with a shower, presenting the possibility of converting it into a residential unit for on-site living. The business is currently staffed and equipped, ready for immediate operation. This established bar presents a significant opportunity for a new owner to implement their own strategies and further enhance profitability. The substantial size of the property and the existing infrastructure provide a solid foundation for growth and success in the Corunna market. The asking price for this thriving business is $850,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,112,276

  6.5%

  $1,026,717

  7%

  $953,380

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,041,886

  Geo Method

  $1,041,886

• Alternative Use

  Use

  Valuation

  Residential

  $866,074

  Hospitality

  $793,319

  Educational

  $660,032

  Medical

  $682,732

  Retail

  $1,026,717

Location Insight

City

Corunna

County

Shiawassee

State

Michigan

Latitude

42.9986

Longitude

-84.0785

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].