Property profile

3001 Saginaw Rd Midland, MI 48640

OFF-MARKET
Turn key restaurants
Property ID
US43-2146140
2,430 SF 0.24 ac lot Built 1940
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,430 square foot industrial building, situated on a 0.24-acre lot at 3001 S Saginaw in Midland, MI, presents a remarkable investment opportunity. Currently configured as a Mexican restaurant with a capacity for 80 guests, the property boasts a prime location near Dow, Costco, and downtown Midland, ensuring high visibility and accessibility. Recent renovations include a complete overhaul of the kitchen and bar appliances, a new HVAC system, updated plumbing, a new roof, and fresh paint throughout the building. Two bathrooms cater to both customer and staff needs. The flexible layout allows for diverse uses beyond its current restaurant configuration. Potential buyers could maintain the existing restaurant operation, adapt it for a different culinary concept, or repurpose the space for a variety of retail or other business ventures. The property's strategic location within a thriving community offers significant potential for growth and profitability. A liquor license is available for separate negotiation. This turnkey property is ready for immediate occupancy and presents a rare chance to acquire a well-maintained, high-traffic commercial space in a desirable Midland location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1940
Total area 2,430 SF
Lot 0.24 ac (10,454 SF)
Zoning code RC
APN 14-23-70-016
UPID US43-2146140

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
  • Restaurant

Location

3001 Saginaw Rd Midland, MI 48640-5614
Midland metro Census 290600 MIDLAND, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$80k

Owner & transaction history

since 2020
Last sale
$73,000
3 recorded transactions
2020
$73,000
2020
Price N/A
2018
Price N/A

Zoning & alternative use

RC · Midland, MI
Zoning description

3. RC - Regional Center District The purpose of the Regional Center District is to provide for mixed-use development that offers a diversity of retail, service, entertainment, office, finance, and related business uses t…

General category MIXED_USE

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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