Property profile

285 Outer Dr Saginaw, MI 48601

OFF-MARKET
Commercial real estate
Property ID
US43-0341892
1,052 SF 0.42 ac lot
Individually Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional turnkey restaurant opportunity in Saginaw, Michigan, presents a rare chance to acquire a thriving business. Located at 285 S Outer Dr, this 1,216 square foot eatery, situated on a 0.42-acre lot (APN: 10-12-5-20-1302-001), is currently operating as a successful southern kitchen. The asking price is $104,900 ($86.27 per square foot). The building, which underwent renovations in 2020, boasts a new roof, forced air heating and air conditioning, and a roof-mounted make-up air system. All equipment is included in the sale, representing a significant value-add. This comprehensive inventory includes a walk-in cooler, walk-in freezer, two deep fryers, two ovens, a hot dog roller, ice machine, tables, chairs, a three-compartment slushie machine, two pastry racks, a flat top, a four-burner stove, a surveillance system, and an ice cream freezer. The property benefits from ample on-site parking and is zoned B-1. This is a fully operational restaurant ready for immediate ownership, offering a strong return on investment for the right buyer. The property's prime location in Saginaw, Michigan, ensures high visibility and accessibility for customers. This is a fantastic opportunity for an experienced restaurateur or a first-time business owner looking to enter the market with a fully equipped and established operation.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 1,052 SF
Lot 0.42 ac (18,295 SF)
Zoning code B-1 COM
APN 10-12-5-20-1302-001
UPID US43-0341892

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Wedding Service Bakery

Location

285 Outer Dr Saginaw, MI 48601-6332
Saginaw metro Census 10800 SAGINAW-SAGINAW TOWNSHIP NORTH, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$50k

Owner & transaction history

since 2021
Last sale
$10,000
5 recorded transactions
2021
$10,000
2021
Price N/A
2018
$55,000
2016
$12,000
2016
Price N/A

Zoning & alternative use

B-1 COM · Saginaw, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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