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Property profile & analytics
FOR SALE
Commercial real estate
5530 Gratiot Rd Saginaw, MI 48638
Entity Owned
Free & Clear
Property ID
US43-1721140
For Sale
1 / 58
$650,000
5530 Gratiot Rd, Saginaw, MI 48638
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Property summary
AI-generated overview
This established Saginaw restaurant, located at 5530 Gratiot Rd, presents a unique owner/user investment opportunity. The 5,160 square foot building, constructed in 2001, sits on a 1.64-acre lot and boasts 109 parking spaces. The property is zoned Office-Business-Commercial, offering flexibility for future uses. Inside, you'll find a versatile open floor plan perfect for various dining experiences, complemented by a state-of-the-art kitchen and spacious walk-in coolers. The modern design includes vinyl plank flooring and multiple TVs for entertainment. A coveted Class C liquor license is included, adding significant value to this turnkey operation. The asking price is $925,000, translating to $179.26 per square foot. This is a rare chance to acquire a well-established restaurant in a prime Saginaw location with ample parking and significant upside potential. The property is owned by an LLC. Don't miss this chance to own a thriving business in a high-traffic area.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2001
Total area
5,160 SF
Lot
1.65 ac (71,830 SF)
Zoning code
B-1
APN
23-12-4-29-2002-000
UPID
US43-1721140
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
-
Spencer's Route 46 Saginaw Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$642k
Blend (final)
Blend
$640k
Owner & transaction history
1st State Bank
1st State Bank
since 2025
3 recorded transactions
Zoning & alternative use
B-1 · Saginaw, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Saginaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saginaw submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$640k
Range $576k – $704k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$124 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$15,597
Tax year 2022
Assessed value
$430,700
Assessed 2023
Previous assessed
$430,700
+0.0% YoY
Effective rate
3.62%
On assessed value
Total market value
$861,400
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
2001
Heating
YES
Cooling
YES
Stories
1
Total area
5,160 SF
Lot
1.65 ac (71,830 SF)
Zoning code
B-1
APN
23-12-4-29-2002-000
UPID
US43-1721140
Jurisdiction
SAGINAW
Zoning & alternative use
B-1 · Saginaw, MI
Zoning B-1 · permitted uses
B-1 · Saginaw, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saginaw. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Heating
YES
Cooling
Yes
Stories
1
Lot
1.65 ac
Current owner
From public records · entity-resolved
1st State Bank
Entity
Free & Clear · 0 yrs held
Mailing address
210 COLORADO RDG DR, HEMLOCK, MI 48626-9102
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2025
$550,000
1st State Bank
Mallek LLC
Deed
related
—
Oct 26, 2021
—
Mallek LLC
—
Deed
related
$223,800 · Benefit Of Spencer S Place Ltd
Oct 15, 2021
—
Mallek LLC
Dambro Management LLC
Deed
$551,200 · 1st State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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