Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15952 Oakley Rd Chesaning, MI 48616

    Sponsored
    For Sale
    $649,900

    1 to 4 Units - Chesaning, MI

    Property size:
    4,520 SF
    Lot size:
    1.21 Acres
    Days on Market:
    165
    Last Refresh:
    Jan 24 at 9:06 am

    Property Features for 15952 Oakley Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security Lighting
    Zoning
    Commercial
    APN
    07-09-2-12-4004-001
    Parking features
    Parking Lot
    Patio and Porch features
    Patio, Deck
    Exterior features
    Deck/Patio, Fenced Yard
    Fencing
    Fenced
    Size
    4,520 SF
    Lot size
    1.21 Acres

    Utilities

    Heating system
    Forced Air, Zoned (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1993
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Lucy Ham
    Lucy Ham

    Lucy Ham Group Inc. (810) 659-6569

    Listing agent Lucy Ham (810) 659-6569 License #122522

    Listing date Aug 13, 2025

    MLS# 50152099 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turnkey Restaurant and Bar Opportunity

    This beautifully maintained and immaculate turnkey restaurant and bar, established in 2011, is available for purchase. The property features spacious parking and sand volleyball courts, situated at the high-traffic corner of M52 and M57. The sale includes approximately $175,000 in equipment, inventory, the business itself, real estate, a liquor license, an ATM machine, Keno monitors, seven televisions with surround sound, and a digital pole sign. The establishment boasts a seating capacity of over 160 and a standing capacity of 453. Recent major improvements include steel siding, a metal roof, two furnaces, two central air conditioning units, a kitchen addition, a septic system, a well, updated bathrooms and windows, a prep kitchen, a Generac generator, and an enclosed heated patio. The interior features wood floors. The property is located across from Taco Bell, McDonalds, Parkers Propane, and a BP Station, and is next to a Park N Ride. The lot size is 1.21 acres and the property size is 4,520 square feet. The property is zoned commercial and is located in Chesaning, Michigan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Back Forty Bar & Grill

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Auto Parts Store Bar & Pub Convenience Store Pawn Shop Bed & Breakfast Parking Facility

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

    Similar Places Nearby

    The Back Forty

    Location Insight

    • Map
    • Local Demand
    City
    Chesaning
    County
    Saginaw
    State
    Michigan
    Longitude
    -84.167868
    Latitude
    43.182036

    Nearby Similar for Sale

    • $850,000
      8,895 SF

      Versatile Commercial Building on Major Routes

      9,000 sq ft building at a highly visible intersection.
      12950 Brady Rd, Chesaning, MI 48616
      View Details
    • New
      $379,000
      3,280 SF

      Chesaning Multi-Family Investment Property

      Turnkey investment property featuring five units on 3.5 acres.
      16350 Oakley Rd, Chesaning, MI 48616
      View Details
    • $265,000
      4,500 SF

      Industrial Garage Space in Chesaning

      4,500 SF industrial garage space for sale in Chesaning.
      205 N Wood St, Chesaning, MI 48616
      View Details
    • $159,900

      Chesaning Duplex Near Downtown

      Duplex with two units, close to shopping and schools.
      202 S Clark St, Chesaning, MI 48616
      View Details
    • $299,900
      8,868 SF

      Chesaning Industrial Property - 8868 sq ft

      Prime Commercial Location, 3 acres, multiple options.
      12950 Brady St, Chesaning, MI 48616
      View Details
    • $265,000
      2,887 SF

      Chesaning Industrial Space - Prime Location

      Renovated Commercial Space, Downtown Chesaning
      1908 Pearl St, Chesaning, MI 48616
      View Details
    • $749,900
      4,520 SF

      Chesaning Industrial Property - High Traffic Area

      Turnkey Restaurant & Bar, High Traffic Location
      15952 Oakley Rd, Chesaning, MI 48616
      View Details

    FAQs

    What type of property is this?
    Bar - Turnkey restaurant and bar with high traffic location and improvements.
    Where is this bar located?
    The property is located at 15952 Oakley Rd Chesaning, MI.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: - Established Turnkey Restaurant & Bar: Operating successfully since 2011 with a strong existing business.; - High-Traffic Location: Situated at the intersection of M52 and M57, ensuring excellent visibility and accessibility.; - Extensive Recent Improvements: Substantial upgrades including steel siding, metal roof, HVAC systems, kitchen addition, septic system, well, bathrooms, windows, prep kitchen, Generac generator, and enclosed heated patio.
    (810) 659-6569
    Request Owner's contact information
    15952 Oakley Rd Chesaning, MI 48616
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15952 Oakley Rd
    Chesaning, MI 48616
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    15952 Oakley Rd Chesaning, MI 48616
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lucy Ham
    Lucy Ham
    Real Estate License ID: 122522
    (810) 659-6569
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.