Restaurant With Banquet
For Sale
$599,000
12201 Albee Road, Burt, MI 48417
COM/IND/BUS OPP, Burt, MI
Property Size9,315 SF
Lot Size5.25 Acres
Price / SF$64.30
Days on Market52
Property Features for 12201 Albee Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Security features
Security Lighting
Exterior features
Security Lighting
Lot features
Main Street
Subdivision
Albee Twp (73001)
Standard status
Active
APN
04-10-4-25-1011-001
Size
9,315 SF
Lot size
5.25 Acres
Taxes and HOA fees
Tax Year
2023
Utilities
Heating system
Forced Air
Water source
Private, Public
Amenities
banquet room
full bar
Building Details
Year built
1955
Roof type
Metal, Rubber
Listing Agency:
Century 21 Signature Realty · Century 21 Real Estate
(989) 921-7000
Listed By:
Ken Kujawa · License #6502333762
(989) 239-5581
Added: Aug 17
Changed: Sep 17
Last Checked: Oct 7 at 9:06AM
MLS# 50218906
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 conventional restaurant property at 12201 Albee Road includes 9,315 square feet of space on 5.25 acres. The layout provides a banquet room, commercial kitchen, full bar, basement, and areas configured for dining, entertainment, and private events. A Class C Liquor License is included, along with restaurant and bar equipment. The building dates to 1955 and has forced-air heating, security lighting, and metal and rubber roofing.
The property is located in Burt, Michigan, in Saginaw County. Public and private water sources are identified for the site. Its existing configuration supports restaurant operations as well as events such as live music, parties, tournaments, and leagues, as described for the property.
The property is located in Burt, Michigan, in Saginaw County. Public and private water sources are identified for the site. Its existing configuration supports restaurant operations as well as events such as live music, parties, tournaments, and leagues, as described for the property.
Key Highlights
- 9,315 SF restaurant property on 5.25 acres
- Class C Liquor License included
- Banquet room, commercial kitchen, and full bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,571
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$971,420
$971.4K
Cap Rate 7%
$693,871
$693.9K
Cap Rate 9%
$539,678
$539.7K
Market Conditions
NOI Build-Up for 9,315 SF
Gross rent
$72.7K $7.80/SF
− Vacancy
−$3.3K −$0.35/SF
EGI
$69.4K $7.45/SF
− OpEx
−$20.8K −$2.23/SF
NOI
$48.6K $5.21/SF
Area
Saginaw County, MI
Vacancy
4.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$971,420
Cap Rate 7%
$693,871
Cap Rate 9%
$539,678
Alternative Uses
Best Use
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,471 @ 7.0% cap · market cap 20.11%
Second Best
Industrial
$693.9K
$607.1K – $809.5K
NOI $48,571 @ 7.0% cap · market cap 8.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
5k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
4,730 visits/mo
0.1 miles
Demographics for 48417, MI
2,612
Population
1,064
Households
2.5
Avg Household Size
45
Median Age
7%
College-Educated
89%
High-School Grad
23.2 sq mi
ZIP Area
113
Density / Sq Mi
$70,280
Median Household Income
$49,024
Median Earnings
$875
Median Rent
$163,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully operational restaurant property with a commercial kitchen, bar, event room, and equipment package.
Where is this conventional restaurant located?
The property is located at 12201 Albee Road Burt, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 9,315 SF restaurant property on 5.25 acres; Class C Liquor License included; Banquet room, commercial kitchen, and full bar
