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Property profile & analytics
OFF-MARKET
Commercial real estate
5800 Brockway Rd Saginaw, MI 48638-4474
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1560208
Property summary
AI-generated overview
Exceptional opportunity to acquire a well-established restaurant in Saginaw, Michigan. This turnkey operation, known as Levi's Food and Spirits, boasts a 40+ year history in the Great Lakes Bay Region and enjoys a loyal customer base. The 3,860 square foot restaurant, built in 2005, is situated on a 1.7-acre lot with ample parking (67 spaces). The property features a brick-over-wood frame construction and includes a fully equipped kitchen, walk-in cooler, and walk-in freezer. The spacious dining area comfortably accommodates a large number of patrons. This successful restaurant serves breakfast, lunch, and dinner seven days a week and offers a full bar. The asking price is $850,000, translating to $220.21 per square foot. This represents a rare chance to own a thriving business in a prime location. The property is being sold via receiver for the family. Serious inquiries only. This is a confidential sale
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2005
Total area
3,860 SF
Lot
1.72 ac (74,880 SF)
Zoning code
B-4
APN
23-12-4-20-2002-006
UPID
US43-1560208
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
-
Levi's Food & Spirits Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
M&m Properties LLC · 1 yrs held
M&m Properties LLC
since 2025
2 recorded transactions
Zoning & alternative use
B-4 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,744
Tax year 2022
Assessed value
$474,000
Assessed 2023
Previous assessed
$474,000
+0.0% YoY
Effective rate
3.95%
On assessed value
Total market value
$948,000
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
Off-Market
Year built
2005
Heating
YES
Cooling
YES
Stories
1
Total area
3,860 SF
Lot
1.72 ac (74,880 SF)
Zoning code
B-4
APN
23-12-4-20-2002-006
UPID
US43-1560208
Jurisdiction
SAGINAW
Zoning & alternative use
B-4 · Saginaw, MI
Zoning B-4 · permitted uses
B-4 · 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
2005
Heating
YES
Cooling
Yes
Stories
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
M&m Properties LLC
Entity
Mailing address
3724 S FORDNEY RD, HEMLOCK, MI 48626-8706
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2025
—
M&m Properties LLC
Patrick J Greenfelder
Warranty Deed
$810,000 · Wildfire Cu
Aug 23, 2005
—
Eugene R Levi
—
Trustees Deed
related
$650,000 · Firstbank Alma
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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