Turnkey Renovated Coffee
253 W Saginaw St Hemlock, MI 48626
253 W Saginaw St, Hemlock, MI, 48626
$199,000
For Sale
$199,000
Fully renovated, move-in-ready coffee shop with seating for up to 50 and new, unused equipment.
Property Size1,150 SF
Price / SF$173.04
Days on Market19
Property Features for 253 W Saginaw St
General Information
- Standard status
- Active
- Size
- 1,150 SF
- Property subtype
- Commercial
Listing agency
(989) 274-9489
Listed by
Shelli Kelsey · License #SBR-6504430987
(989) 274-9489
Source
Elliman
Added: Jul 4 Updated: Jul 21 at 10:54PM Checked: Jul 21 at 10:54PM
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 Shelli Kelsey
Investment Insights
Based on property information with market context.
This turnkey coffee shop is fully renovated and move-in-ready, with approximately 1,150 square feet of thoughtfully designed space and seating for up to 50 guests. The building was fully renovated in 2023 and includes all new equipment that has never been used, along with fixtures, furnishings, and equipment included in the sale.
Located at 253 W Saginaw St in Hemlock, the property offers customer access from Saginaw Street and is described as having high visibility along Hemlock’s main corridor.
Ideal for an operator seeking a plug-and-play setup, the sale includes the real estate plus the items needed to open, making it suited for a new coffee concept or an expansion of an existing brand.
Located at 253 W Saginaw St in Hemlock, the property offers customer access from Saginaw Street and is described as having high visibility along Hemlock’s main corridor.
Ideal for an operator seeking a plug-and-play setup, the sale includes the real estate plus the items needed to open, making it suited for a new coffee concept or an expansion of an existing brand.
Key Highlights
- Fully renovated, move‑in‑ready coffee shop at 253 Saginaw Street (downtown Hemlock)
- Approximately 1,150 SF commercial space designed for a coffee shop and specialty beverage concepts
- Seats up to 50 guests
Local Financial Insights For Specialty Retail
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 | $21.8k | $18.96 |
| − Vacancy | −$567 | −$0.49 |
| EGI | $21.2k | $18.47 |
| − OpEx | −$5.3k | −$4.62 |
| NOI | $15.9k | $13.85 |
1,150 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$227.5K
$199.1K – $265.5K
NOI $15,928 @ 7.0% cap · market cap 8.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$864.5K
$756.5K – $1.01M
NOI $60,517 @ 7.0% cap · market cap 30.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Coffee shops
Similar For Sale Nearby
Similar Off Market Nearby
- BIGGBY COFFEE — 199 E Saginaw St, Hemlock, MI 48626
FAQs
What type of property is this?
Coffee shop - Fully renovated, move-in-ready coffee shop with seating for up to 50 and new, unused equipment.
Where is this coffee shop located?
The property is located at 253 W Saginaw St Hemlock, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Fully renovated, move‑in‑ready coffee shop at 253 Saginaw Street (downtown Hemlock); Approximately 1,150 SF commercial space designed for a coffee shop and specialty beverage concepts; Seats up to 50 guests
