Property profile

3949 Saginaw St National City, MI 48748

OFF-MARKET
Commercial real estate
Property ID
US43-3146904
0.23 ac lot
Individually Owned Free & Clear
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Property summary

AI-generated overview

This thriving, established bar and restaurant, known as the Sand Lake Bar, presents a unique investment opportunity in National City, Michigan. Located at 3949 Saginaw St, this 2,922 square foot, single-story building boasts a prime location directly across from Sand Lake, and is centrally situated amongst several other lakes including Indian, Island, Bass, and Round Lakes. Built in 1955, the property is priced at $275,000, representing a price per square foot of $94.11. Its strategic position benefits from high seasonal traffic, attracting summer cottage owners, fall hunters, winter ice fishers, and snowmobilers. The surrounding area offers abundant outdoor recreational activities, including access to the Huron National Forest and the AuSable River (both within a 10-mile radius). Tawas City and Hale are also conveniently located within a 10-mile radius, providing additional access to amenities and a larger customer base. This turnkey operation is ideally suited for an owner-operator seeking a blend of business and recreational lifestyle in Michigan's beautiful outdoors. The property's strong location and established clientele make it a compelling investment prospect with significant potential for growth and profitability. The business benefits from the year-round appeal of the Sand Lake area, offering a diverse customer base throughout the seasons. This is a rare chance to acquire a well-established business in a desirable location with significant recreational draw.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.23 ac (10,019 SF)
APN 051S4000600100
UPID US43-3146904

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
  • Bar & Pub
  • Atm

Location

3949 Saginaw St National City, MI 48748-9620
National City metro Census 700
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$185k

Owner & transaction history

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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