Sports Bar with Included Real
New
For Sale
$599,000
3504 State St, Saginaw, MI 48602
The operating business is offered with furnishings, equipment, and a liquor license.
Property Size2,460 SF
Price / SF$243.50
Days on Market5
Property Features for 3504 State St
General Information
Standard status
Active
Size
2,460 SF
Property subtype
Commercial
Restaurant
Equipment Included
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Building Details
Year Built
1949
Listing Agency:
NextHome Greater Tri-cities
Listed By:
Coty Lewis · License #6505432312
(989) 239-7545
Source:
Vmrealestatemichigan
Added: Oct 4
Changed: Oct 7
Last Checked: Oct 7 at 2:02PM
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 NextHome Greater Tri-cities
Investment Insights
Based on property information with market context.
This Saginaw bar and restaurant is an operating business offered with its real estate. The 2,460-square-foot property was built in 1949. Furniture, fixtures, equipment, and a liquor license are included in the sale.
The business is identified as Grand Central Sports Bar and is located at 3504 State St in Saginaw, Michigan. The sale combines the established food-and-beverage operation with the property and its included business assets.
The business is identified as Grand Central Sports Bar and is located at 3504 State St in Saginaw, Michigan. The sale combines the established food-and-beverage operation with the property and its included business assets.
Key Highlights
- Sale includes the real estate and operating bar and restaurant business
- Furniture, fixtures, equipment, and liquor license are included
- 2,460‑square‑foot property built in 1949
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,815
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,300
$636.3K
Cap Rate 7%
$454,500
$454.5K
Cap Rate 9%
$353,500
$353.5K
Market Conditions
NOI Build-Up for 2,460 SF
Gross rent
$44.3K $18.00/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$42.4K $17.24/SF
− OpEx
−$10.6K −$4.31/SF
NOI
$31.8K $12.93/SF
Area
Saginaw County, MI
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,300
Cap Rate 7%
$454,500
Cap Rate 9%
$353,500
Alternative Uses
Best Use
Specialty Retail
$454.5K
$397.7K – $530.3K
NOI $31,815 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Dining 11%
Hotels & Casinos 4%
Dollar Tree
Shops & Services
9,977 visits/mo
0.1 miles
BP
Shops & Services
9,308 visits/mo
0.1 miles
Family Dollar
Shops & Services
9,102 visits/mo
0.0 miles
Little Caesars Pizza
Dining
4,205 visits/mo
0.1 miles
Independent Bank
Shops & Services
2,909 visits/mo
0.2 miles
Demographics for 48602, MI
27,613
Population
12,286
Households
2.2
Avg Household Size
36
Median Age
15%
College-Educated
83%
High-School Grad
7.8 sq mi
ZIP Area
3,540
Density / Sq Mi
$46,068
Median Household Income
$29,611
Median Earnings
$902
Median Rent
$70,200
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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Similar Off Market Nearby
- Grand Central — 3504 State St, Saginaw, MI 48602
- Rascals — 2139 Warwick St, Saginaw, MI 48602
- Rainmakers Bar and Grill — 3325 Davenport Ave, Saginaw, MI 48602
Frequently Asked Questions
What type of property is this?
Bar & Pub - The operating business is offered with furnishings, equipment, and a liquor license.
Where is this bar & pub located?
The property is located at 3504 State St Saginaw, 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: Sale includes the real estate and operating bar and restaurant business; Furniture, fixtures, equipment, and liquor license are included; 2,460‑square‑foot property built in 1949
