Turnkey Restaurant and Sports
5530 Gratiot Road Saginaw, MI 48638
5530 Gratiot Road, Saginaw, MI, 48638
$650,000
For Sale
$650,000
COMMERCIAL - Saginaw, MI
Property Size5,160 SF
Lot Size1.60 Acres
Price / SF$125.97
Days on Market62
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
- Shingle, Asphalt
Listing Agency
Century 21 Signature Realty
(989) 921-7000
5580 State Street Suite 4, Saginaw, MI
Listed by
Ken Kujawa · License #6502333762
(989) 239-5581
Added: May 18 Checked: Jul 18 at 9:06 pm
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.
Investment Insights
Based on property information with market context.
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.
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.
Key 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
Local Financial Insights For Industrial
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 | $40.2k | $7.80 |
| − Vacancy | −$1.8k | −$0.35 |
| EGI | $38.4k | $7.45 |
| − OpEx | −$11.5k | −$2.23 |
| NOI | $26.9k | $5.21 |
5,160 SF · lease $7.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$953.3K
$834.2K – $1.11M
NOI $66,734 @ 7.0% cap · market cap 10.27%
Second Best
Industrial
$384.4K
$336.3K – $448.4K
NOI $26,906 @ 7.0% cap · market cap 4.14%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Spencer's Route 46 ...
Restaurant
Similar For Sale Nearby
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
