Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5505 Main St Dryden, MI 48428

    View on Map
    Sponsored
    For Sale
    $525,000

    Dryden Bar and Grill - 5505 Main St.

    Property size:
    7,000 SF

    Property Features for 5505 Main St

    General Information

    Property type
    Bars & Pubs
    Investment Type
    owner-user
    Square Feet
    7,000 SF
    Class
    B
    Elevators
    No
    Net Rentable
    7,000 SF
    Lot Size
    5,663 SF
    Occupancy
    100%
    Net Operating Income
    $310,485

    Building Details

    Year Built/Renovated
    1900/2013
    Buildings
    1
    Stories
    2
    Units
    2

    Overview

    Established Dryden Bar and Restaurant

    This property presents an opportunity to own a historic building and a fully operational business with a long-standing reputation. Constructed in 1900, the building features original brickwork and plank flooring. The main level houses a bar and restaurant supported by a Class C liquor license. A Stroh’s wooden bar serves as the centerpiece. The establishment has been under successful ownership and operation for 12 years and has a loyal customer base. It has participated in local traditions including Fall Festivals and Boom Days. Upstairs, a 1-bedroom apartment provides rental income. Additional finished and unfinished storage areas offer flexibility. The property is located on a corner for prime exposure. The sale price includes the real estate, business, and Class C liquor license. The lot size is 0.13 acres, and the property size is 7000 square feet.

    We can help!

    Listing Contact
    David Elwood
    David Elwood

    Learn more

    Property Insight Report

    HighLights

    • Well Know Established Bar & Restaurant. Price Includes Real Estate, Business and Class C Liquor License Located on Corner for Prime Exposure 1 BR Apartment Upstairs and occupied by tenant for additional income
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dryden Bar and Grill Bar & Pub

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Dryden
    State
    Michigan
    Longitude
    -83.123352
    Latitude
    42.946099

    Nearby Similar for Sale

    • $1,497,000
      3,000 SF

      New Ranch Home on 3 Acres

      New 3-bedroom ranch home on 3 acres in Dryden, MI.
      5541 Bordman Rd, Dryden, MI 48428
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Dryden Bar and Grill - 5505 Main St.
    Where is this bar & pub located?
    The property is located at 5505 Main St Dryden, MI.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Well Know Established Bar & Restaurant. Price Includes Real Estate, Business and Class C Liquor License Located on Corner for Prime Exposure 1 BR Apartment Upstairs and occupied by tenant for additional income
    (248) 923-4334
    Request Owner's contact information
    5505 Main St Dryden, MI 48428
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5505 Main St
    Dryden, MI 48428
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    5505 Main St Dryden, MI 48428
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    David Elwood
    David Elwood
    (248) 923-4334
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!