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    OFF-MARKET
    Commercial real estate

    3949 Saginaw St, National City, MI 48748-9620

    0.23 ac lot
    Individually Owned Free & Clear
    Property ID
    US43-3146904
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Sand Lake bar Bar & Pub
    • ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    DOUGLAS KOIN
    DOUGLAS KOIN
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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