Property profile

12235 Saginaw St Grand Blanc, MI 48439

OFF-MARKET
Other commercial real estate
Property ID
US43-1488988
11,926 SF 2 ac lot Built 1940
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a turn-key restaurant facility located in downtown Grand Blanc on S Saginaw St, within walking distance of the high school, shopping mall, city offices, and surrounding businesses. The building provides approximately 2,100 square feet and includes a dining area with seating for about 30 guests indoors, along with additional outdoor seating that allows for potential future expansion. The restaurant is configured for food service, with kitchen and mechanical systems—including HVAC—that were updated within the past 10 years. The offer historically included the business operations along with equipment and inventory, and a liquor license was included as part of the operation. The building is operated under a leased arrangement, with the landlord indicated as open to transferring lease terms to a qualified new owner.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Total area 11,926 SF
Lot 2 ac (87,033 SF)
Zoning code B-2
APN 56-15-400-018
UPID US43-1488988

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Restaurant Cafe & Coffee Shop
  • Textile Manufacturer Factory
  • Business Service Center Corporate Office
  • (Bike/Boat/Book/etc) Store

Location

12235 Saginaw St Grand Blanc, MI 48439-1471
Grand Blanc metro Census 11209 FLINT, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$961k
Blend (final) Blend
$935k

Owner & transaction history

since 2025
Last sale
$900,000
5 recorded transactions
2025
$900,000
2019
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-2 · Grand Blanc, MI
Zoning description

III: LDMF AND HDMF MULTIPLE-FAMILY RESIDENTIAL DISTRICTS ARTICLE IX: OS-1 OFFICE SERVICE DISTRICT ARTICLE X: CBD CENTRAL BUSINESS DISTRICT (Amended 7-20-2013) ARTICLE XI: B-1 NEIGHBORHOOD BUSINESS DISTRICTS ARTICLE XII:…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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