Renovated Mixed-Use Property with
For Sale
$269,900
5463 Dixie Highway, Saginaw, MI 48601
COM/IND/BUS OPP, Saginaw, MI
Property Size2,579 SF
Lot Size0.90 Acres
Price / SF$104.65
Days on Market137
Property Features for 5463 Dixie Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot
Patio and Porch features
Patio
Exterior features
Deck/Patio, Fence Owned
Fencing
Fenced
Subdivision
Bridgeport Twp (73006)
Standard status
Active
APN
09-11-5-05-4016-000
Size
2,579 SF
Lot size
0.90 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2347
Utilities
Cooling system
Central Air
Water source
Public
Amenities
fenced yard
Building Details
Year built
1930
Listing Agency:
Berkshire Hathaway HomeServices
(989) 790-9292
Listed By:
Josh Moore · License #SBR-6501411187
(989) 714-9732
Added: May 7
Changed: Aug 19
Last Checked: Sep 20 at 11:06AM
MLS# 50206810
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.
Investment Insights
Based on property information with market context.
This mixed-use property combines a renovated bar operation with an attached two-bedroom, one-bathroom apartment. The 2,579-square-foot property includes a small kitchen, outdoor seating, patio and deck features, central air, public water, and a fenced yard serving the residential component. The bar is offered with its liquor license, inventory, equipment, tables, chairs, and furnishings. A parking lot and 0.9-acre site support the property’s commercial use, while the apartment provides a separate residential component.
Located at 5463 Dixie Highway in Saginaw, the property occupies a visible highway-facing position. Additional on-site features include play-for-fun casino machines, a pool table, and an ATM, with revenue-sharing arrangements in place for the machines and pool table. Built in 1930, the property has undergone renovation to both the bar and apartment areas.
Located at 5463 Dixie Highway in Saginaw, the property occupies a visible highway-facing position. Additional on-site features include play-for-fun casino machines, a pool table, and an ATM, with revenue-sharing arrangements in place for the machines and pool table. Built in 1930, the property has undergone renovation to both the bar and apartment areas.
Key Highlights
- Renovated mixed‑use property with a bar and attached 2‑bedroom, 1‑bathroom apartment
- 2,579 square feet on a 0.9‑acre site
- Sale includes liquor license, inventory, equipment, furniture, tables, and chairs
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
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Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
8,110 visits/mo
0.1 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
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated bar and apartment create a combined commercial and residential income property on Dixie Highway.
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: Renovated mixed‑use property with a bar and attached 2‑bedroom, 1‑bathroom apartment; 2,579 square feet on a 0.9‑acre site; Sale includes liquor license, inventory, equipment, furniture, tables, and chairs
