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    Turnkey Restaurant and Sports Bar Title is generated by Realmo AI

    5530 Gratiot Road, Saginaw, MI 48638

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    Claim this Listing
    For Sale
    $650,000

    COMMERCIAL - Saginaw, MI

    Property size:
    5,160 SF
    Lot size:
    1.60 Acres
    Price / SF:
    $125/SF
    Added:
    May 18, 2026
    Days on Market:
    17
    Last Refresh:
    Jun 3 at 7:06 pm

    Property Features for 5530 Gratiot Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Parking Lot
    Patio and Porch features
    Patio
    Exterior features
    Deck/Patio
    Standard status
    Active
    APN
    23124292002000
    Size
    5,160 SF
    Lot size
    1.60 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    21918

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2001
    Roof type
    Asphalt, Shingle

    We can help!

    Listing Contact
    Ken Kujawa

    Listing agent Ken Kujawa License #6502333762

    Listing office Century 21 Signature Realty 5580 State Street Suite 4, Saginaw, MI

    Listing date May 18, 2026

    MLS# 50207966

    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.

    HighLights

    • Former restaurant built in 2001 with over 5,100 sq. ft. on 1.6 acres
    • Includes all furnishings, kitchen equipment, and bar equipment to open and begin serving
    • Spacious outdoor patio plus deck/patio area for dining and entertainment
    • 1,500 sq. ft. basement offering storage and office use
    • 18x24 garage provides additional storage space
    • Liquor license available; central air and forced‑air heating; parking lot onsite

    Overview

    This turnkey restaurant property is set up for immediate operation and includes furnishings, kitchen equipment, and bar equipment. The facility offers a versatile dining layout, multiple TVs, and an outdoor patio designed for guest seating and events. In addition to the main level, there is a 1,500 square foot basement that can support storage and office use. For further back-of-house flexibility, an additional 18x24 garage provides extra storage capacity.

    The property consists of 1.6 acres and is located at 5530 Gratiot Road in Saginaw, Michigan (48638). Built in 2001, the building is positioned to support hospitality concepts with on-site space for operations and overflow storage.

    This offering is well suited for an owner-operator or buyer seeking a restaurant, sports bar, banquet facility, event venue, or hospitality concept with the core equipment and interior items already in place. A liquor license is noted as available, which may help streamline underwriting for certain beverage service plans. With an existing commercial kitchen setup, dining-focused amenities, and practical storage, the property supports a straightforward path to reopening or concept refresh within the same use category.
    Property Profile Location Intelligence

    Current Use by Public Records

    Spencer's Route 46 ... Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Saginaw
    County
    Saginaw
    State
    Michigan
    Longitude
    -84.025213
    Latitude
    43.415912

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    FAQs

    What type of property is this?
    Conventional restaurant - Turnkey restaurant with a full commercial kitchen, bar equipment, and outdoor patio for immediate dining operations.
    Where is this conventional restaurant located?
    The property is located at 5530 Gratiot Road Saginaw, MI.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Former restaurant built in 2001 with over 5,100 sq. ft. on 1.6 acres; Includes all furnishings, kitchen equipment, and bar equipment to open and begin serving; Spacious outdoor patio plus deck/patio area for dining and entertainment
    (989) 239-5581
    We can help!
    Listing Contact
    Ken Kujawa
    Real Estate License ID: 6502333762
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    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.

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