9264 Saginaw Rd Richville, MI 48758
This exceptional 5,358 sq ft commercial property in Richville, MI, presents a unique investment opportunity. Situated on a 1.88-acre lot, this historic building, dating back to 1862, boasts a rich history as a trading post, saloon, and ice cream parlor, currently thriving as a restaurant and brewery with a 224-person capacity. The fully equipped operation includes an UPServe POS system, a 28-tap beer system (plus four wine taps and a can seamer), and a four-barrel brewing system with three conicals and a keg washing room with a crane. The two-story restaurant features two server stations, a spacious kitchen with a smoker and 13-foot hood, three walk-in coolers with individual temperature controls (powered by an exterior glycol cooling unit), and a basement bakery with proofer, double ovens, fridge, and prep space. Significant recent upgrades enhance efficiency and maintain historic charm, including a new roof (2018), a three-phase electrical system (2020), dual air conditioning units with warranties (2022/2023), and four new hot water tanks (2024). The property also benefits from $20,000 in waterproofing by Dry Mich, an integrated camera and alarm system, phone access and alerts, office space, and ample storage. Multiple licenses are included: microbrewery, wine and spirit maker, and distribution, making this an ideal opportunity for craft distribution. The established clientele and room for growth in this character-filled setting make this a truly remarkable investment. Priced at $699,000.
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Innovation Beerworks Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
