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    2548 Elizabeth Lake Rd Waterford, MI 48328

    Under Contract
    For Sale
    $160,000

    Real Estate Only - Waterford, MI

    Property size:
    1,134 SF
    Lot size:
    0.12 Acres
    Days on Market:
    111
    Last Refresh:
    Dec 13 at 10:06 pm

    Property Features for 2548 Elizabeth Lake Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Commercial
    APN
    1325178016
    Size
    1,134 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Expense value
    60000
    Expense
    Security Deposit
    Expense freq.
    Once

    Building Details

    Year built
    1948
    Floors in Building
    1
    Building materials
    Block
    Roof type
    Built-Up
    Architectural style
    Other

    SCORE REALTY LLC (586) 275-6288 [email protected]

    Listing agent Matthew S Follis (586) 275-6288

    Listing date Aug 25, 2025

    MLS# 20221068373 Listing URL

    Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterford Restaurant with Drive-Thru

    This is a fully furnished and ready-to-go restaurant with both dine-in and drive-thru service. The property is located on a main road and features prominent signage. The location is suitable for various restaurant concepts, such as a Coney restaurant, deli, burger house, or ice cream shop. The restaurant is currently operational. The property, situated in Waterford, Michigan, has a lot size of 0.12 acres and a building size of 1134 square feet. The zoning is commercial. This property presents an opportunity for investment and rental income or for operating your own restaurant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3367378
    Latitude
    42.6400206

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    FAQs

    What type of property is this?
    Drive through restaurant - Fully furnished restaurant with dine-in and drive-thru in Waterford.
    Where is this drive through restaurant located?
    The property is located at 2548 Elizabeth Lake Rd Waterford, MI.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: - Fully furnished and ready-to-go restaurant; - Dine-in and drive-thru capabilities; - Main Rd frontage with great signage
    (586) 275-6288
    Request Owner's contact information
    2548 Elizabeth Lake Rd Waterford, MI 48328
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    Waterford, MI 48328
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2548 Elizabeth Lake Rd Waterford, MI 48328
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