Bar and Restaurant with Upstairs
9500 W Saginaw Rd Reese, MI 48757
9500 W Saginaw Rd, Reese, MI, 48757
$125,000
For Sale
$125,000
Includes usable bar space, additional rooms, and upstairs apartment opportunities, with a portion requiring rehab.
Property Size1,000 SF
Price / SF$125
Days on Market181
Property Features for 9500 W Saginaw Rd
General Information
- Standard status
- Active
- Size
- 1,000 SF
Listing agency
Wentworth Real Estate Group
(810) 293-1001
Listed by
Bria Sawyer
(810) 293-1001
Source
Exprealty
Added: Jan 22 Updated: Jul 22 at 12:25AM Checked: Jul 22 at 12:25AM
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 Wentworth Real Estate Group
Investment Insights
Based on property information with market context.
This property offers useable bar space along with additional rooms that can be finished to suit the next owner’s needs. The upper level presents multiple apartment opportunities. A large portion of the building needs to be rehabbed.
The seller notes that buyers should verify all information regarding systems and disclosures. For in-person viewing, the seller also advises bringing a flashlight because power is off, and watching your step.
The property is listed for sale and is suited for a buyer looking to renovate and reconfigure the interior layout, including both the bar/restaurant area and potential upstairs residences.
The seller notes that buyers should verify all information regarding systems and disclosures. For in-person viewing, the seller also advises bringing a flashlight because power is off, and watching your step.
The property is listed for sale and is suited for a buyer looking to renovate and reconfigure the interior layout, including both the bar/restaurant area and potential upstairs residences.
Key Highlights
- Includes usable bar space
- Offers additional rooms for buyer customization
- Upstairs provides apartment opportunities
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 | $15.5k | $15.48 |
| − Vacancy | −$650 | −$0.65 |
| EGI | $14.8k | $14.83 |
| − OpEx | −$3.7k | −$3.71 |
| NOI | $11.1k | $11.12 |
1,000 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$158.9K
$139.0K – $185.4K
NOI $11,122 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$725.2K
$634.5K – $846.1K
NOI $50,763 @ 7.0% cap · market cap 40.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Frankenhilf Bar and Bier ...
Bar & Pub
Similar For Sale Nearby
Similar Off Market Nearby
- Frankenhilf Bar and Bier Garten — 9500 W Saginaw Rd, Reese, MI 48757
FAQs
What type of property is this?
Bar & Pub - Includes usable bar space, additional rooms, and upstairs apartment opportunities, with a portion requiring rehab.
Where is this bar & pub located?
The property is located at 9500 W Saginaw Rd Reese, MI.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Includes usable bar space; Offers additional rooms for buyer customization; Upstairs provides apartment opportunities
