8845 Gratiot Rd - Freestanding FOR SALE


Saginaw, MI 48609
$2,500,000 USD
989-790-2611
8845 Gratiot Rd, Saginaw, MI for Sale
$2,500,000 USD
Freestanding - FOR SALE
1/25
null | Request Cap Rate

8845 Gratiot Rd
Saginaw, MI 48609


OVERVIEW

Turnkey, fully renovated 25,168 square foot restaurant and entertainment facility situated on 2.55 acres in the heart of the Gratiot Road (M-46) commercial corridor in Thomas Township, Saginaw County. The building has been comprehensively updated inside and out and is configured for immediate occupancy by a restaurant, brewpub, family entertainment center, event venue, or a wide range of alternative commercial users permitted under B-4 zoning. The property combines a large dining area, a purpose-built commercial kitchen area, and a substantial dedicated entertainment wing featuring axe throwing lanes and billiards. A building-wide fire suppression system is installed and in place throughout, satisfying a code requirement that is both expensive and slow to retrofit and that opens the building to assembly, restaurant, and entertainment occupancy loads. A Class C liquor license is included with the sale. Sale includes both parcels for a combined 2.55 acres, providing generous on-site parking and expansion or redevelopment potential.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$99 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Strip Mall

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

193

LAND DETAILS

LAND ACRES

2.55 AC

LAND SF

111,078 SF

ZONING

B-4

APN/PARCEL ID

28123263012000,28123263012001

ASK ABOUT THIS PROPERTY

Bob MorfordThe Miller Group of Saginaw, Inc.More Info
989-790-2611

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Bob MorfordThe Miller Group of Saginaw, Inc.More Info
989-790-2611

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.