Restaurant with Class C Liquor
For Sale
Contact for pricing
5530 GRATIOT RD, Saginaw, MI 48638
For sale restaurant offering an open floor plan and a Class C liquor license at 5530 Gratiot Rd.
Property Size5,160 SF
Price / SF$232.56
Days on Market836
Property Features for 5530 GRATIOT RD
General Information
Standard status
Active
Size
5,160 SF
Property subtype
OFFICE
Additional Details
Liquor License
Yes
Listing Agency:
NextHome Greater Tri Cities
(989) 239-7545
Listed By:
Coty Lewis · License #6505432312
(989) 239-7545
Source:
Moodyscre
Added: Apr 19, 2024
Changed: Jul 25
Last Checked: Aug 1 at 2:12PM
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 NextHome Greater Tri Cities
Investment Insights
Based on property information with market context.
Spencer’s Route 46 is a for-sale restaurant with an open floor plan designed for flexible dining layouts. The property also includes a Class C liquor license, supporting service of a broad selection of beverages in-house.
Located at 5530 Gratiot Rd in Saginaw, MI 48638, this turnkey restaurant format is well-suited to operations that benefit from an adaptable main dining area for both smaller and larger groups.
The space is configured around the open floor plan, which can support a range of service rhythms and guest experiences while keeping the restaurant’s interior layout straightforward and functional.
Located at 5530 Gratiot Rd in Saginaw, MI 48638, this turnkey restaurant format is well-suited to operations that benefit from an adaptable main dining area for both smaller and larger groups.
The space is configured around the open floor plan, which can support a range of service rhythms and guest experiences while keeping the restaurant’s interior layout straightforward and functional.
Key Highlights
- For sale restaurant with an open floor plan
- Includes a Class C liquor license
- Located at 5530 Gratiot Rd
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.9k | $18.00 |
| − Vacancy | −$3.9k | −$0.76 |
| EGI | $89.0k | $17.24 |
| − OpEx | −$22.2k | −$4.31 |
| NOI | $66.7k | $12.93 |
5,160 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$953.3K
$834.2K – $1.11M
NOI $66,734 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48638, MI
13,199
Population
6,479
Households
2
Avg Household Size
42
Median Age
36%
College-Educated
95%
High-School Grad
6.5 sq mi
ZIP Area
2,031
Density / Sq Mi
$63,444
Median Household Income
$44,281
Median Earnings
$948
Median Rent
$161,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - For sale restaurant offering an open floor plan and a Class C liquor license at 5530 Gratiot Rd.
Where is this conventional restaurant located?
The property is located at 5530 GRATIOT RD Saginaw, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: For sale restaurant with an open floor plan; Includes a Class C liquor license; Located at 5530 Gratiot Rd
