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Restaurant Condo with Patio
New
For Sale
$315,000

265 W Saginaw Street, Hemlock, MI 48626

A commercial kitchen, bar, dining room, and outdoor seating support restaurant and event operations.

Property Size3,845 SF
Price / SF$81.92
Days on Market5

Property Features for 265 W Saginaw Street

General Information

Standard status Active
Size 3,845 SF
Property subtype Commercial
Zoning Commercial

Restaurant

Patio Yes
Equipment Included Yes
Liquor License Yes

Building Details

Building Size 3,845 SF
Year Built 2000
Listing Agency: Berkshire Hathaway HomeServices
Listed By: Abby Enszer · License #6501401511
Source: Buskardgroup
Added: Oct 19 Changed: Oct 22 Last Checked: Oct 22 at 2:23PM

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 Berkshire Hathaway HomeServices

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Investment Insights

Based on property information with market context.

This 3,845-square-foot restaurant condominium includes a commercial kitchen, bar, dining room with seating for 88, restrooms, a private office, and a separate entertainment area. Patio and deck seating extend the space outdoors. The sale includes the building, equipment, and a Class C liquor license.

Built in 2000, the property is located at 265 W Saginaw Street in Hemlock, Michigan, within a strip mall. Commercial zoning is in place.

Key Highlights

  • 3,845‑square‑foot restaurant condominium
  • Dining room accommodates 88, with additional outdoor seating on the patio and deck
  • Commercial kitchen, bar, restrooms, private office, and dedicated entertainment area

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Restaurant Law Firm Building Supply Dental Office Big Box & Wholesale Store Spa & Massage Center

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

Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

128
Businesses Nearby
Under-served
Demand for This Use

Demographics for 48626, MI

5,962
Population
2,307
Households
2.6
Avg Household Size
45
Median Age
31%
College-Educated
97%
High-School Grad
65.5 sq mi
ZIP Area
91
Density / Sq Mi
$81,961
Median Household Income
$40,756
Median Earnings
$935
Median Rent
$208,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - A commercial kitchen, bar, dining room, and outdoor seating support restaurant and event operations.
Where is this conventional restaurant located?
The property is located at 265 W Saginaw Street Hemlock, MI.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 3,845‑square‑foot restaurant condominium; Dining room accommodates 88, with additional outdoor seating on the patio and deck; Commercial kitchen, bar, restrooms, private office, and dedicated entertainment area
More about this property
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