9264 Saginaw Rd - Restaurant FOR SALE


Richville, MI 48758
$350,000 USD
810-471-2916
9264 Saginaw Rd, Richville, MI for Sale
$350,000 USD
Restaurant - FOR SALE
1/37
null | Request Cap Rate

9264 Saginaw Rd
Richville, MI 48758


HIGHLIGHTS

  • Historic commercial landmark dating back to 1862 with deep roots in the Richville community.
  • Approximately 5,358 SF building situated on 1.88 acres.
  • Former trading post, saloon, ice cream parlor, restaurant, and hospitality venue with strong character and history.
  • Configured for restaurant and beverage operations with a full commercial kitchen, multiple service stations, and extensive storage areas.
  • Approved for occupancy of up to 224 patrons, supporting a variety of hospitality and event-driven concepts.
  • Two-story layout provides flexibility for restaurant, brewery, entertainment, retail, or mixed-use opportunities.

OVERVIEW

Own a piece of Richville's rich history with this remarkable commercial property, a storied 1862 building known as the town’s longest-standing hospitality venue. Originally a trading post, this landmark has since served as a saloon, ice cream parlor, and once thrived as a restaurant. The property comes fully equipped for a 224-person occupancy. Ideal for owners interested in craft distribution. The space is well-equipped with a full kitchen ready for you to make it your own. The two-story restaurant includes two server stations, spacious kitchen facilities, and ample storage. Recent upgrades offer modern efficiency while retaining historic charm: a new roof (2018), three-phase electrical system (2020), dual air conditioning units with warranty (2022/2023), and four new hot water tanks (2024). Security and accessibility are enhanced with an integrated camera and alarm system, phone access, and alerts. The property also includes $20,000 in waterproofing by Dry Mich, office space, and ample storage *Buyer agrees to assume and pay any/and all outstanding municipal charges, assessments, and any delinquent or back taxes related to the property existing at the time of closing*

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$65 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1862

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,126 SF

ZONING

C1

APN/PARCEL ID

006-500-100-5300-00

ASK ABOUT THIS PROPERTY

Danny O'BrienThe John Wentworth GroupMore Info
810-471-2916

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Danny O'BrienThe John Wentworth GroupMore Info
810-471-2916

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