285 Outer DrSaginaw, MI 48601

  • Commercial real estate
  • 1,052 SF
For Sale
$104,900 View listing

Property Details for 285 Outer Dr

Lot size
0.42 AC
Property size (Sq ft)
1,052 SF
Zone code
B-1 COM
Property type
Commercial real estate
APN
10-12-5-20-1302-001
APU
10125201302001

Description

This exceptional turnkey restaurant opportunity in Saginaw, Michigan, presents a rare chance to acquire a thriving business. Located at 285 S Outer Dr, this 1,216 square foot eatery, situated on a 0.42-acre lot (APN: 10-12-5-20-1302-001), is currently operating as a successful southern kitchen. The asking price is $104,900 ($86.27 per square foot). The building, which underwent renovations in 2020, boasts a new roof, forced air heating and air conditioning, and a roof-mounted make-up air system. All equipment is included in the sale, representing a significant value-add. This comprehensive inventory includes a walk-in cooler, walk-in freezer, two deep fryers, two ovens, a hot dog roller, ice machine, tables, chairs, a three-compartment slushie machine, two pastry racks, a flat top, a four-burner stove, a surveillance system, and an ice cream freezer. The property benefits from ample on-site parking and is zoned B-1. This is a fully operational restaurant ready for immediate ownership, offering a strong return on investment for the right buyer. The property's prime location in Saginaw, Michigan, ensures high visibility and accessibility for customers. This is a fantastic opportunity for an experienced restaurateur or a first-time business owner looking to enter the market with a fully equipped and established operation.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $206,133
    Hospitality
    $188,817
    Educational
    $157,094
    Medical
    $162,496
    Retail
    $244,368

Location Insight

City
Saginaw
County
Saginaw
State
Michigan
Latitude
43.4293
Longitude
-83.8967
CBSA code
40980
CBSA name
SAGINAW-SAGINAW TOWNSHIP NORTH, MI METROPOLITAN STATISTICAL AREA

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
2022
$1,906
-
-
$32,300
-
-
-
$64,600

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