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    Bar and Restaurant with Pool Tables Title is generated by Realmo AI

    5327 Shady Lane, Standish, MI 48658

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    Claim this Listing
    For Sale
    $399,000

    COMMERCIAL - Standish, MI

    Property size:
    3,638 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $109/SF
    Added:
    Nov 3, 2025
    Days on Market:
    215
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for 5327 Shady Lane

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    010-2-W20-001-017-00 /
    Size
    3,638 SF
    Lot size
    0.24 Acres

    Utilities

    Cooling system
    Ceiling Fan(s), Exhaust Fan (Cooling), Central Air
    Water source
    Private

    Building Details

    Year built
    1949

    We can help!

    Listing Contact
    Connie Allen

    Listing agent Connie Allen License #6501278861

    Listing office Century 21 Signature Realty - Bay City 415 S Euclid Ave, Saginaw, MI

    Listing date Nov 3, 2025

    MLS# 50193355

    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.

    HighLights

    • $550,000.00 listing price per remarks; bar and restaurant with three pool tables and shuffleboard
    • About 1 mile from Saganing Eagles Landing Casino (per remarks)
    • Four lots across the street included for additional parking or development (per remarks)
    • Newer roof plus updates including new windows and a new cooler system (per remarks)
    • Restaurant/bar known for nachos and Friday fish fry (per remarks)
    • HVAC includes central air and ceiling fans; private water source (per provided details)

    Overview

    This for-sale bar and restaurant property is positioned for day-one operations, with a newer roof and multiple updates noted in the remarks. The offering includes on-site gaming features such as three pool tables and shuffleboard, along with newer windows and a new cooler system. The facility is also described as having a ready-to-transition setup, with the owner retiring and willing to assist temporarily to support a smooth handover.

    Located at 5327 Shady Lane in Standish, Michigan, the business is described as being near the shores of Saginaw Bay/Lake Huron. The remarks further state the property is approximately 1 mile from the Saganing Eagles Landing Casino, supporting a customer base built over time. Parking and expansion considerations are addressed in the listing as well, with four lots across the street included.

    For a buyer looking for an established entertainment and dining operation, the layout and included amenities support a neighborhood-style bar experience with game-day activity. The included food and drink focus is supported by the remarks describing popular items such as nachos and a Friday fish fry. With the modernization items identified in the listing and the option for transitional assistance from the retiring owner, this is presented as a practical acquisition for someone ready to step in and operate.
    Property Profile Location Intelligence

    Current Use by Public Records

    White's Beach Tavern Bar & Pub

    Suggested Use

    Restaurant Bar & Pub

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

    Similar Places Nearby

    • White's Beach Tavern — 5327 Shady Ln, Standish, MI 48658

    Location Insight

    • Map
    • Local Demand
    City
    Standish
    County
    Arenac
    State
    Michigan
    Longitude
    -83.89075
    Latitude
    43.929879

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    FAQs

    What type of property is this?
    Bar & Pub - Turnkey drinking and dining venue near Saginaw Bay/Lake Huron with gaming amenities and recent updates to windows and cooling.
    Where is this bar & pub located?
    The property is located at 5327 Shady Lane Standish, MI.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: $550,000.00 listing price per remarks; bar and restaurant with three pool tables and shuffleboard; About 1 mile from Saganing Eagles Landing Casino (per remarks); Four lots across the street included for additional parking or development (per remarks)
    (989) 324-9956
    We can help!
    Listing Contact
    Connie Allen
    Real Estate License ID: 6501278861
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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.

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