5530 Gratiot RdSaginaw, MI 48638

Property Details for 5530 Gratiot Rd

Year built

2001

Lot size

1.65 AC

Property size (Sq ft)

5,160 SF

Zone code

B-1

Property type

Other commercial real estate

APN

23-12-4-29-2002-000

APU

23124292002000

Description

This established Saginaw restaurant, located at 5530 Gratiot Rd, presents a unique owner/user investment opportunity. The 5,160 square foot building, constructed in 2001, sits on a 1.64-acre lot and boasts 109 parking spaces. The property is zoned Office-Business-Commercial, offering flexibility for future uses. Inside, you'll find a versatile open floor plan perfect for various dining experiences, complemented by a state-of-the-art kitchen and spacious walk-in coolers. The modern design includes vinyl plank flooring and multiple TVs for entertainment. A coveted Class C liquor license is included, adding significant value to this turnkey operation. The asking price is $925,000, translating to $179.26 per square foot. This is a rare chance to acquire a well-established restaurant in a prime Saginaw location with ample parking and significant upside potential. The property is owned by an LLC. Don't miss this chance to own a thriving business in a high-traffic area.

• Alternative Use

  Use

  Valuation

  Residential

  $1,011,073

  Hospitality

  $926,137

  Educational

  $770,535

  Medical

  $797,035

  Retail

  $1,198,610

Location Insight

City

Saginaw

County

Saginaw

State

Michigan

Latitude

43.4158

Longitude

-84.0249

CBSA code

40980

CBSA name

SAGINAW-SAGINAW TOWNSHIP NORTH, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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