Conventional Restaurant

Waterford, MI Conventional Restaurants for Sale

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Waterford Township, MI West Bloomfield, MI White Lake, MI Bloomfield Twp, MI Commerce Township, MI Clarkston, MI Keego Harbor, MI Pontiac, MI
Freestanding Drive-Through Restaurant
Updated: Aug 8
Freestanding Drive-Through Restaurant

3170 Elizabeth Lake Rd, Waterford, MI 48328

$875,000
2,845 sqft 0.90 AC lot
2,845 SF freestanding restaurant building
0.90‑acre site at 3170 Elizabeth Lake Rd, Waterford, MI
Existing drive‑through configuration and restaurant layout
Currently occupied through 12/31/2027
Near the signalized intersection of Elizabeth Lake Road and Cass Lake Road
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Inline Retail Space
Updated: Sep 6
Inline Retail Space

5500 Cooley Lake Road, Waterford, MI 48327

Contact for pricing
1,200 sqft
1,200 SF inline space at Lakeview Plaza
Retail, restaurant, or office use supported
Located at Cooley Lake Road and Cass Elizabeth Road
Access at a lighted intersection
Ample parking available
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Freestanding Restaurant with Drive-Through
Freestanding Restaurant with Drive-Through

2548 Elizabeth Lake Rd, Waterford, MI 48328

$299,900

The existing restaurant configuration includes dining space and prominent roadside signage.

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See hot listings in Waterford

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in
Est. NOI available after sign in
Local Demand available after sign in
Commercial Land with Restaurant Building
Commercial Land with Restaurant Building

5834 Highland Road, Waterford, MI 48327

$1,100,000

C-2 zoning supports commercial redevelopment, with drive-through use subject to special approval.

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4 active listings match your search: Restaurant for sale in Waterford, MI. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Renovated Restaurant Building
Renovated Restaurant Building

2705 Lapeer Rd, Auburn Hills, MI 48326

$899,000
4,000 sqft 1.27 AC lot

B-1-zoned commercial property with a flexible interior ready for office, retail, or restaurant improvements.

View details
Japanese-Korean Restaurant
Japanese-Korean Restaurant

30650 Beck Rd, Novi, MI 48377

$470,000
2,450 sqft

The established restaurant offers dine-in and carryout service, with a Class C liquor license available for purchase subject to transfer approvals.

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Bubba's 33 Restaurant
Bubba's 33 Restaurant

720 Brown Road, Auburn Hills, MI 48326

Contact for pricing
7,163 sqft

Texas Roadhouse-backed restaurant with a new 15-year absolute net lease.

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Fully Equipped Restaurant
Fully Equipped Restaurant

27155 S Karevich Dr, Novi, MI 48377

$3,500,000
11,921 sqft

C-zoned restaurant property with furniture, fixtures, and equipment included.

View details

Waterford, MI Conventional Restaurants Market Trends and Statistics

Explore 4 conventional restaurants for sale in Waterford, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 4,045 square feet of properties for sale, with an estimated market value of $2,274,900.

Sale prices for conventional restaurants in Waterford, MI start at $299,900, averaging $758,300, and reaching up to $1,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Conventional restaurants 5
Drive through restaurants 2
Commercial kitchens 1

Demographics Overview

Population 70K
Population Growth (5Y) -4.1%
Median Household Income $76,951
College Educated 29.5%

High-Yield Neighborhoods for Investment

Identify Waterford submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
48327 $550K
48328 $875K

Taxes & Financing

Tax Rate (average for all types) 3.61%
Property Tax per SF $65.53 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Oakland County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Waterford fall within the 10,000 to 25,000 square foot range.

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