Historic Downtown Restaurant
635 S Saginaw Street Flint, MI 48502
635 S Saginaw Street, Flint, MI, 48502
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For Sale
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Three-level historic building includes a restaurant kitchen, bar, office space, and basement storage with a loading dock.
Property Size2,987 SF
Price / SF$108.47
Days on Market15
Property Features for 635 S Saginaw Street
General Information
- Standard status
- Active
- Size
- 2,987 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1920
Listing agency
J McLeod Realty Inc
(989) 233-2530
Listed by
Nancy Fritz · License #6502102591
Source
Crexi
Added: Jul 7 Updated: Jul 20 at 8:56PM Checked: Jul 20 at 8:56PM
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 J McLeod Realty Inc
Investment Insights
Based on property information with market context.
This historic multi-level commercial building offers versatile space for restaurant, hospitality, and other downtown uses. The main level includes the restaurant’s kitchen, dining areas, and bar. The second level provides office space along with additional areas currently used for private gatherings and entertaining. The basement adds valuable storage and operational space and includes a loading dock to support deliveries and back-of-house access.
Located along S. Saginaw Street in Downtown Flint, the property is positioned near restaurants, businesses, entertainment venues, cultural attractions, residential developments, and major employers within the central business district. The building is currently home to Cork on Saginaw, operating as an established restaurant and wine bar.
With three levels of functional space plus a loading dock and basement support areas, the property is well suited for an owner-operator seeking an existing hospitality layout or for an adaptive reuse approach within a downtown core.
Located along S. Saginaw Street in Downtown Flint, the property is positioned near restaurants, businesses, entertainment venues, cultural attractions, residential developments, and major employers within the central business district. The building is currently home to Cork on Saginaw, operating as an established restaurant and wine bar.
With three levels of functional space plus a loading dock and basement support areas, the property is well suited for an owner-operator seeking an existing hospitality layout or for an adaptive reuse approach within a downtown core.
Key Highlights
- Three‑level historic commercial building with YearBuilt 1920 at 635 S. Saginaw Street in downtown Flint
- Basement includes storage/operational space plus a loading dock for deliveries and access
- Main level features restaurant kitchen, dining areas, and bar space
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 | $43.0k | $14.40 |
| − Vacancy | −$7.7k | −$2.58 |
| EGI | $35.3k | $11.82 |
| − OpEx | −$8.8k | −$2.96 |
| NOI | $26.5k | $8.87 |
2,987 SF · lease $14.40/SF/yr · vacancy 17.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$470.1K
$411.3K – $548.4K
NOI $32,906 @ 7.0% cap · market cap 10.16%
Second Best
Specialty Retail
$378.4K
$331.1K – $441.4K
NOI $26,485 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$628.5K
$550.0K – $733.3K
NOI $43,998 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cork on Saginaw
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Three-level historic building includes a restaurant kitchen, bar, office space, and basement storage with a loading dock.
Where is this conventional restaurant located?
The property is located at 635 S Saginaw Street Flint, MI.
What is the asking price?
The asking price for this property is $324,000.
What are key features of this property?
This property features: Three‑level historic commercial building with YearBuilt 1920 at 635 S. Saginaw Street in downtown Flint; Basement includes storage/operational space plus a loading dock for deliveries and access; Main level features restaurant kitchen, dining areas, and bar space
