8845 Gratiot Road
Saginaw, MI, 48609 $ 2,600,000
Bedrooms-- Baths-- Sq 25,268 Monthly Estimate*
$ 16,221
for $2,600,000. This 25,268 square foot building was built in 1970 on a lot size of 1.88.
Now available for Sale or Lease, this newly renovated 25,268 sq. ft. commercial building offers an exceptional opportunity for restaurant, entertainment, or family-focused businesses in a high-traffic, high-visibility corridor. Flexible leasing options start at $1.26/SF/month, with per-suite availability—ideal for both established operators and growing brands. The property features a dynamic layout with a glass-enclosed conservatory, dual bars, a fully operational kitchen, walk-in coolers/freezer, and private themed gaming rooms. An 8,000+ sq. ft. game room includes axe throwing, a smash room, cornhole, and interactive games—perfect for immersive entertainment concepts. Two suites (restaurant + game room) are operational, offering a seamless launch for a new operator. A third suite is ready for buildout, offering space for dining, retail, or custom use. Located in Thomas Township on Gratiot Road (M-46) with over 15,000 VPD, and surrounded by anchors like Home Depot and Meijer, this site is primed for visibility, growth, and long-term success. Offered for sale at $3,300,000 ($131.19/SF)—a compelling price for an upgraded, income-producing facility. Seller is open to sale or lease—perfect for investors or owner-users looking for a turnkey commercial asset.
See more
FeaturesGeneralSewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Construction Materials Block
Year Built 1970
Levels One
Property Subtype BusinessandRealEstate
Current Use MixedUse Restaurant
Business Type Commercial Mixed Retail
County Saginaw
Net Operating Income 0.0
Operating Expense 0.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Garage Y/N N
Status Active
Directions I-75 N/S to M-46 (Gratiot Road) West Building is on the South side of Gratiot
City ThomasTownship_Saginaw
Senior Community Y/N N
High School District SwanValley
Zoning Description Commercial
MLS Area Area73061ThomasTwp
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 25980.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type MultipleOccupantTypes
Tax Assessed Value 448400
Expected Active Date 2025-07-29
Legal Description PART OF N 40 ACRES OF THAT PART OF SW1/4 LYING W OF VAN WORMER ROAD COM AT A POINT ON SLY R/W OF M46 HWY 1037.55 FT WLY FROM C/L OF VANWORMER ROAD TH SLY AT RGT ANGLES TO SAID SLY LINE OF M46 HWY 160
See more
ExteriorWater Source Public
Foundation Details Slab
Spa N
Building Area Total 25268.0
Lot Dimensions Irr. F.195'xL.235'x146'x342'xB.350'xR575'
Lot Size Acres 1.88
Waterfront Y/N N
Road Frontage Type ClassA
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
See more
InteriorBasement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 25268.0
Above Grade Finished Area Unit Type SquareFeet
See more
* Excluded FeaturesList ByAshley AndrewsListing Agent
Exclusive House Of Real EstateBroker
Affordability Calculator
- Monthly Principal & Interest
- $16,221
- Monthly Property Taxes
- $2,165
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Saginaw, MI
Average List Price $322,852
Percent of Sale Price 88%
About Saginaw, MI 47,234 Population
-24% Since 2002
$ 29,308 Median Income
35.05 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
4909390 Elementary School
4909556 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/23/2025 | $2,600,000 | -10.34% | Price Down |
| 9/8/2025 | $2,900,000 | -12.12% | Price Down |
| 7/29/2025 | $3,300,000 | | Listed Price |