4880 Gratiot RdSaginaw, MI 48638

Property Details for 4880 Gratiot Rd

Year built

2002

Lot size

7.00 AC

Property size (Sq ft)

65,120 SF

Zone code

B-1

Property type

Other commercial real estate

APN

23-12-4-28-2006-001

APU

23124282006001

Description

This thriving Saginaw bar and restaurant, located at 4880 Gratiot Rd, is offered for sale at $525,000. Established in 2006, this 2,400 square foot, single-story building boasts a 100% occupancy rate as of April 3, 2023. Operating under a NNN lease, this single-unit business offers a strong net operating income (NOI) of $191,000, translating to a compelling 15% cap rate and a price per square foot of $218.75. The business is well-known in the Saginaw area for its family-friendly atmosphere, extensive menu, and diverse beverage selection. This turnkey opportunity presents a significant investment potential for an owner/user. The sale includes the business only; real estate is not included. The property is situated in Saginaw County, Michigan, zip code 48638. This is a rare chance to acquire a profitable, established business with a proven track record in a desirable location. The business is currently operating at full capacity, offering immediate returns for the new owner. Serious inquiries only.

Location Insight

City

Saginaw

County

Saginaw

State

Michigan

Latitude

43.4171

Longitude

-84.0128

CBSA code

40980

CBSA name

SAGINAW-SAGINAW TOWNSHIP NORTH, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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