5605 STATE ST, Saginaw, MI 48603
Turnkey sandwich shop with established reputation and a lease in place through 2031.
- Added:
- Jun 8, 2026
- Days on Market:
- 20
- Last Refresh:
- Jun 17 at 1:47 am
Property Features for 5605 STATE ST
General Information
- Standard status
- Active
- Size
- 600 SF
- Property subtype
- Business for Sale
Building Details
- Year Built
- 1986
Listing office CENTURY 21 Signature Realty (989) 921-7000
Listing date Jun 8, 2026
Source Crexi
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HighLights
- Fully established sandwich shop business (business sale only; no real estate included)
- Secure lease in place through 2031 with rent at $600/month including all utilities
- Year built: 1986
- Sale includes all equipment, supplies, and business assets for a smooth transition
- Outstanding 5‑star reviews on both Google and Yelp
Overview
The shop is positioned in a high-traffic location, according to the property remarks, supporting day-to-day visibility and customer flow. The current ownership is moving on to other opportunities, creating an opportunity for an operator or buyer seeking a ready-to-run restaurant concept without acquiring the real estate.
This offering is best suited for an owner-operator or investor looking to take over a proven, operational sandwich shop without needing to source equipment or assemble core business assets. With the lease term extended through 2031 and utilities included in the rent structure as described, the buyer can focus on maintaining the existing operation and customer experience. Business sale only; no real estate is included in this transaction.
Local 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 | $10.8k | $18.00 |
| − Vacancy | −$454 | −$0.76 |
| EGI | $10.3k | $17.24 |
| − OpEx | −$2.6k | −$4.31 |
| NOI | $7.8k | $12.93 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Saginaw
- County
- Saginaw
- State
- Michigan
- Longitude
- -84.026609
- Latitude
- 43.436133
