Mixed-Use Bar with
New
For Sale
$269,900
5463 Dixie Highway, Saginaw, MI 48601
The property combines an operating bar setup with a separate two-bedroom apartment and outdoor seating.
Property Size2,579 SF
Price / SF$104.65
Days on Market2
Property Features for 5463 Dixie Highway
General Information
Standard status
Active
Size
2,579 SF
Property subtype
Commercial
Zoning
Commercial
Restaurant
Patio
Yes
Equipment Included
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Road Access
Yes
Amenities
play-for-fun casino machines
pool table
ATM
Building Details
Building Size
2,579 SF
Year Built
1930
Listing Agency:
Case Realty Group
Listed By:
Karmen Case · License #6501398514
(517) 238-5588
Source:
Case-realty
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 4:34PM
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 Case Realty Group
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Investment Insights
Based on property information with market context.
This 2,579-square-foot mixed-use property includes a renovated bar and an attached, updated apartment with two bedrooms, one bathroom, and a fenced yard. The bar area has a small kitchen and outdoor seating. Sale inclusions include the liquor license, liquor inventory, equipment, tables, chairs, and furnishings.
Play-for-fun machines, a pool table, and an ATM are also on site, with revenue-sharing arrangements in place for the machines and pool table. The property is on Dixie Highway and has a large lot with parking.
Play-for-fun machines, a pool table, and an ATM are also on site, with revenue-sharing arrangements in place for the machines and pool table. The property is on Dixie Highway and has a large lot with parking.
Key Highlights
- 2,579‑square‑foot mixed‑use property with bar and attached apartment
- Apartment includes 2 bedrooms, 1 bathroom, and a fenced yard
- Bar has a small kitchen and outdoor seating area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,890
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Yes
Liquor license
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines an operating bar setup with a separate two-bedroom apartment and outdoor seating.
Where is this mixed-use property located?
The property is located at 5463 Dixie Highway 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: 2,579‑square‑foot mixed‑use property with bar and attached apartment; Apartment includes 2 bedrooms, 1 bathroom, and a fenced yard; Bar has a small kitchen and outdoor seating area
