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Property profile & analytics

9264 Saginaw Richville, MI 48758

  • Commercial real estate
OFF-MARKET
Last Sale
Apr 20, 2020
$127,500
Value Estimations
$135,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-2696640
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Innovation Beerworks / American Restaurant

Property Details for 9264 Saginaw

Property type
Commercial real estate
APN
006-500-100-5300-00
APU
6500100530000

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $135,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Richville
County
Tuscola
State
Michigan
Longitude
-83.6709
Latitude
43.4069

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$5,128
$0.00
$0.00
$169,900
-
$0.00
$0.00
$339,800
More about this property
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