49 Saginaw St Pontiac, MI 48342-2153

This exceptional 7,700 square foot restaurant, located at 49 N Saginaw St in Pontiac, Michigan's vibrant Indian Hill District, presents a unique investment opportunity. Built in 1886 and renovated in 2012, this single-tenant property boasts a prime downtown location with convenient on and off-street parking. The building features a tastefully preserved historic interior. The main floor encompasses 2,950 square feet, including a full-service mahogany bar, a fully equipped kitchen, restrooms, and seating for at least 80 patrons. The second floor offers an additional 1,800 square feet with a service bar, restrooms, an elevated stage, a sound/light booth, and seating for 50 or more. A 2,950 square foot lower level provides office space, a liquor locker, a walk-in keg cooler, mechanical systems, and ample storage. The total capacity exceeds 150 patrons. The property sits on a 0.07-acre lot and is zoned for Downtown Business District use, offering flexibility for various commercial ventures. The current lease is a NNN lease with 100% occupancy. The asking price is $499,900, translating to $64.94 per square foot. The potential for residential conversion of the second floor adds further investment appeal. APN: 14-29-433-016.