Steak ‘n Shake Going up in Owasso

Oklahoma OK III Properties LLC of Tulsa has purchased a 50,224 SF tract of unimproved commercial land in Owasso to erect a Steak ‘n Shake restaurant. The restaurant will be the third Steak ‘n Shake in the Tulsa Metro area. Steak ‘n Shake currently operates at 501 Stonewood Drive in Broken Arrow and 6136 South Memorial Drive in Tulsa.
Tyann Development of Owasso is listed in courthouse records as the seller of the property, which is at 96th St. North and Highway 169. The selling price for the commercially zoned, irregular property was $650,000.
Mike Parrish, CCIM of Parish Company Realtors represented the buyer and seller in the transaction.
Steak n Shake was founded in 1934 in Normal, Ill. and currently operates 430 stores, 45 of which are franchised, in 20 states.

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