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    15952 Oakley Road Chesaning, MI 48616

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    For Sale
    $649,900

    Well-maintained restaurant and bar with high traffic location.

    Type:Commercial/Industrial
    Property size:
    4,520 SF
    Lot size:
    1.21 Acres
    Price / SF:
    $143/SF
    Added:
    Mar 13, 2026
    Days on Market:
    48
    Last Refresh:
    Apr 6 at 3:12 am

    Property Features for 15952 Oakley Road

    General Information

    Standard status
    Active
    Size
    4,520 SF
    Lot size
    1.21 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1993

    We can help!

    Listing Contact
    Lucy W Ham
    Lucy W Ham

    Listing agent Lucy W Ham License #122522

    Listing office Ham Group Realty

    Listing date Mar 13, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Ham Group Realty

    Overview

    Turnkey Restaurant and Bar Opportunity

    This meticulously maintained turnkey restaurant and bar, established in 2011, presents a prime commercial opportunity. The property features spacious parking and sand volleyball courts, situated at the high-traffic intersection 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 restaurant has 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, bathrooms, windows, a prep kitchen, a Generac generator, and an enclosed heated patio. The interior features wood floors. The property is located across from a Taco Bell, McDonalds, Parkers Propane, and a BP Station, and is next to a Park N Ride.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Back Forty Bar & Pub

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Auto Parts Store Bar & Pub Grocery & Convenience Store (Bike/Boat/Book/etc) Store Bed & Breakfast Parking Lot & Garage

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

    Similar Places Nearby

    • The Back Forty — 15952 Oakley Rd, Chesaning, MI 48616

    Location Insight

    • Map
    • Local Demand
    City
    Chesaning
    County
    Saginaw
    State
    Michigan
    Longitude
    -84.1679
    Latitude
    43.182

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    FAQs

    What type of property is this?
    Bar & Pub - Well-maintained restaurant and bar with high traffic location.
    Where is this bar & pub located?
    The property is located at 15952 Oakley Road 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: Turnkey restaurant and bar with real estate, business, and liquor license included; High traffic location at the corner of M52 and M57; Significant recent improvements: steel siding, metal roof, furnaces, central air, kitchen addition, septic system, well, bathrooms, windows, prep kitchen, Generac generator, and enclosed heated patio
    (810) 659-6569
    We can help!
    Listing Contact
    Lucy W Ham
    Lucy W Ham
    Real Estate License ID: 122522
    Learn More
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    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
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