Search
Fully Renovated Bar and Apartment
For Sale
$274,900

5463 Dixie Highway, Saginaw, MI 48601

COMMERCIAL - Saginaw, MI

Property Size2,579 SF
Lot Size0.90 Acres
Price / SF$106.59
Days on Market88

Property Features for 5463 Dixie Highway

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
Parking features Parking Lot
Patio and Porch features Patio
Exterior features Deck/Patio, Fence Owned
Fencing Fenced
Subdivision Bridgeport Twp (73006)
Standard status Active
APN 09-11-5-05-4016-000
Size 2,579 SF
Lot size 0.90 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2347

Utilities

Cooling system Central Air
Water source Public

Building Details

Year built 1930
Listing Agency: Berkshire Hathaway HomeServices
Listed By: Josh Moore · License #SBR-6501411187
Added: May 7 Changed: Jul 10 Last Checked: Aug 2 at 12:06AM
MLS# 50206810

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.

Investment Insights

Based on property information with market context.

This fully renovated mixed-use property combines an updated bar with an attached residential unit for multiple streams of income. The sale includes a liquor license, liquor inventory, and all equipment, tables, chairs, and furnishings. The bar area includes a small kitchen area, outdoor seating space, and indoor amenities such as play-for-fun casino machines, pool table, and an ATM. An attached fully renovated 2 bedroom, 1 bathroom apartment includes its own fenced yard.

The property is located on high-traffic Dixie Highway in Bridgeport, offering excellent visibility. Parking is provided via an on-site parking lot, and the exterior features include a patio/deck and owned fencing.

Built in 1930, the property includes central air cooling and public water service, supporting both the bar operations and the attached apartment in one turnkey package.

Key Highlights

  • 0.9‑acre mixed‑use property built in 1930
  • Updated bar operation includes liquor license, liquor inventory, and all equipment, tables, chairs, and furnishings
  • Attached fully renovated 2‑bedroom, 1‑bath apartment with its own fenced yard

Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $27.5k $10.68
− Vacancy −$1.2k −$0.45
EGI $26.4k $10.23
− OpEx −$11.9k −$4.60
NOI $14.5k $5.63
2,579 SF · lease $10.68/SF/yr · vacancy 4.20% · expense 45.00%

Alternative Uses

Best Use
Specialty Retail
$476.5K
$416.9K – $555.9K (±1% cap)
NOI $33,354 @ 7.0% cap · market cap 12.13%
Second Best
Apartment 5plus
$207.3K
$181.4K – $241.9K (±1% cap)
NOI $14,513 @ 7.0% cap · market cap 5.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Drake's Bar Bar & Pub

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Dental Office Hair Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Turnkey business
Opportunity
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

168
Businesses Nearby
46k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 52% Shops & Services 48%
McDonald's Dining
10,297 visits/mo 0.1 miles
Dollar Tree Shops & Services
8,432 visits/mo 0.0 miles
Little Caesars Pizza Dining
6,152 visits/mo 0.1 miles
Dollar General Shops & Services
5,763 visits/mo 0.1 miles
KFC Dining
5,059 visits/mo 0.1 miles

Demographics for 48601, MI

32,165
Population
16,220
Households
2
Avg Household Size
39
Median Age
8%
College-Educated
86%
High-School Grad
104.3 sq mi
ZIP Area
308
Density / Sq Mi
$37,830
Median Household Income
$27,218
Median Earnings
$836
Median Rent
$54,900
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Whisky Dix — 5788 Dixie Hwy, Saginaw, MI 48601
  • Drake's Bar — 5463 Dixie Hwy, Saginaw, MI 48601
  • Whiskey Dix — 5788 dixie hwy, saginaw, mi 48601

Frequently Asked Questions

What type of property is this?
Bar & Pub - Fully renovated bar operation with a separate 2-bedroom, 1-bath apartment plus fenced yard and central air.
Where is this bar & pub located?
The property is located at 5463 Dixie Highway Saginaw, MI.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: 0.9‑acre mixed‑use property built in 1930; Updated bar operation includes liquor license, liquor inventory, and all equipment, tables, chairs, and furnishings; Attached fully renovated 2‑bedroom, 1‑bath apartment with its own fenced yard
More about this property
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