Renovated Mixed-Use Bar
For Sale
$269,900
5463 DIXIE HWY, Saginaw, MI 48601
Updated bar with an attached apartment, outdoor seating, furnishings, and operating equipment.
Property Size2,579 SF
Price / SF$104.65
Days on Market129
Property Features for 5463 DIXIE HWY
General Information
Standard status
Active
Size
2,579 SF
Property subtype
Industrial
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Business Included
Yes
Road Access
Yes
Amenities
fenced yard
Central Air
3
135289
Building Details
Year Built
1930
Listing Agency:
Berkshire Hathaway HomeServices
(989) 790-9292
Listed By:
Josh Moore · License #SBR-6501411187
(989) 714-9732
Source:
Xome
Added: May 5
Changed: Sep 9
Last Checked: Sep 10 at 6:23AM
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
Investment Insights
Based on property information with market context.
This mixed-use property combines a renovated bar with an attached two-bedroom, one-bathroom apartment and a fenced private yard. The commercial portion includes a small kitchen, outdoor seating, tables, chairs, furnishings, and operating equipment. Central air is also included. The property contains 2,579 square feet and was built in 1930.
The sale includes the liquor license, liquor inventory, bar equipment, pool table, ATM, and play-for-fun casino machines. Revenue-sharing arrangements are in place for the machines and pool table. Situated on Dixie Highway, the property also offers a large lot with ample parking and visibility from the roadway.
The sale includes the liquor license, liquor inventory, bar equipment, pool table, ATM, and play-for-fun casino machines. Revenue-sharing arrangements are in place for the machines and pool table. Situated on Dixie Highway, the property also offers a large lot with ample parking and visibility from the roadway.
Key Highlights
- Renovated bar with attached 2‑bedroom, 1‑bathroom apartment
- 2,579 square feet on a large lot with ample parking
- Liquor license, inventory, equipment, furnishings, tables, and chairs included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,890
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$417,800
$417.8K
Cap Rate 7%
$298,429
$298.4K
Cap Rate 9%
$232,111
$232.1K
Market Conditions
NOI Build-Up for 2,579 SF
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.
Gross rent
$37.1K $14.40/SF
− Vacancy
−$3.7K −$1.44/SF
EGI
$33.4K $12.96/SF
− OpEx
−$12.5K −$4.86/SF
NOI
$20.9K $8.10/SF
Area
Saginaw County, MI
Vacancy
10.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$417,800
Cap Rate 7%
$298,429
Cap Rate 9%
$232,111
Alternative Uses
Best Use
Specialty Retail
$476.5K
$416.9K – $555.9K
NOI $33,354 @ 7.0% cap · market cap 12.36%
Second Best
Mixed Use
$298.4K
$261.1K – $348.2K
NOI $20,890 @ 7.0% cap · market cap 7.74%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
8,110 visits/mo
0.2 miles
Demographics for 48601, MI
32,165
Population
16,220
Households
2
Avg Household Size
39
Median Age
8%
College-Educated
86%
High-School Grad
104.3 sq mi
ZIP Area
308
Density / Sq Mi
$37,830
Median Household Income
$27,218
Median Earnings
$836
Median Rent
$54,900
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated bar with an attached apartment, outdoor seating, furnishings, and operating equipment.
Where is this mixed-use property located?
The property is located at 5463 DIXIE HWY Saginaw, MI.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Renovated bar with attached 2‑bedroom, 1‑bathroom apartment; 2,579 square feet on a large lot with ample parking; Liquor license, inventory, equipment, furnishings, tables, and chairs included
