Freestanding Bar & Pub
For Sale
$875,000
596 Busha Highway, Marysville, MI 48040
COM/IND/BUS OPP, Marysville, MI
Property Size5,013 SF
Lot Size1.05 Acres
Price / SF$174.55
Days on Market166
Property Features for 596 Busha Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
Marysville (74023)
Standard status
Active
APN
03-101-0014-000
Size
5,013 SF
Lot size
1.05 Acres
Utilities
Water source
Public
Building Details
Year built
1930
Listing Agency:
KW Platinum · Keller Williams Realty
(586) 949-0200
Listed By:
Evan Lyszczyk · License #6501428411
(586) 980-1171
Added: Mar 24
Changed: Sep 2
Last Checked: Sep 5 at 6:06AM
MLS# 50202381
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 freestanding bar and pub property includes a 5,013-square-foot building on 1.05 acres. The site is zoned C-3 and includes on-site parking, while the building features restaurant and bar space along with an upstairs rental unit. Foundation work and exterior renovations have been completed as part of recent property updates.
Located at 596 Busha Highway in Marysville, the property fronts a heavily traveled commercial corridor in St. Clair County. Its position along Busha Highway provides direct road access and substantial frontage. Public water serves the property, and the building dates to 1930.
The offering combines an operating food-and-beverage business with a freestanding commercial building and additional upstairs space. The existing configuration supports continued restaurant and bar use, with the C-3 designation providing the documented land-use framework.
Located at 596 Busha Highway in Marysville, the property fronts a heavily traveled commercial corridor in St. Clair County. Its position along Busha Highway provides direct road access and substantial frontage. Public water serves the property, and the building dates to 1930.
The offering combines an operating food-and-beverage business with a freestanding commercial building and additional upstairs space. The existing configuration supports continued restaurant and bar use, with the C-3 designation providing the documented land-use framework.
Key Highlights
- Freestanding 5,013‑square‑foot bar and pub building
- 1.05‑acre commercial parcel zoned C‑3
- Upstairs rental unit included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,431
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,388,620
$1.4M
Cap Rate 7%
$991,871
$991.9K
Cap Rate 9%
$771,456
$771.5K
Market Conditions
NOI Build-Up for 5,013 SF
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.
Gross rent
$95.0K $18.96/SF
− Vacancy
−$2.5K −$0.49/SF
EGI
$92.6K $18.47/SF
− OpEx
−$23.1K −$4.62/SF
NOI
$69.4K $13.85/SF
Area
St. Clair County, MI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,388,620
Cap Rate 7%
$991,871
Cap Rate 9%
$771,456
Alternative Uses
Best Use
Specialty Retail
$991.9K
$867.9K – $1.16M
NOI $69,431 @ 7.0% cap · market cap 7.93%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.77M
$3.30M – $4.40M
NOI $263,802 @ 7.0% cap · market cap 30.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
10k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 22%
Dollar General
Shops & Services
7,444 visits/mo
0.3 miles
SUBWAY
Dining
2,075 visits/mo
0.3 miles
Demographics for 48040, MI
9,994
Population
4,588
Households
2.2
Avg Household Size
44
Median Age
24%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
1,448
Density / Sq Mi
$69,661
Median Household Income
$45,365
Median Earnings
$955
Median Rent
$185,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Fieldhouse Sports Bar & Kitchen — 1106 Gratiot Blvd, Marysville, MI 48040
- Lynwood Bar — 596 Busha Hwy, Marysville, MI 48040
Frequently Asked Questions
What type of property is this?
Bar & Pub - Restaurant and bar property with C-3 zoning, an upstairs rental unit, and on-site parking.
Where is this bar & pub located?
The property is located at 596 Busha Highway Marysville, MI.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Freestanding 5,013‑square‑foot bar and pub building; 1.05‑acre commercial parcel zoned C‑3; Upstairs rental unit included
