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    Property profile & analytics

    3001 Saginaw Larkin Charter Township, MI 48642

    • Turn key restaurants
    • 2,430 SF
    • 0.24 lot acres
    For Sale
    View listing
    $499,900
    Value Estimation
    Last Sale
    Dec 11, 2020
    $73,000
    Location Intelligence
    Property ID
    US43-2146140
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Taste of Midland / Restaurant

    Property Details for 3001 Saginaw

    Year built
    1940
    Lot size
    0.24 lot acres
    Property size
    2,430 SF
    Zone code
    RC
    Property type
    Turn key restaurants
    APN
    14-23-70-016
    APU
    142370016

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $80,000

    • CAP approach

      CAP return
      Estimation
      6%
      $75,000
      6.5%
      $75,000
      7%
      $85,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $90,000
      Geo Method
      $85,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $70,000
      Retail
      $85,000
      Mixed-Use
      $85,000
      Hospitality
      $75,000
      Educational
      $80,000
      Residential Income
      $65,000
      Energy
      $85,000
      Income-Based Land
      $80,000
      Food Service
      $75,000

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Michigan
    Longitude
    -84.2071
    Latitude
    43.6058
    CBSA code
    33220
    CBSA name
    MIDLAND, MI MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $2,272
    $0.00
    $0.00
    $53,400
    -
    $0.00
    $0.00
    $106,800

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      4,000 SF

      1716 Wackerly St

      RESTAURANT • 4,000 SF
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      View Details

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    3001 Saginaw
    Larkin Charter Township, MI 48642
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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