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    1450 Hospital Rd Waterford Township, MI 48327

    Sponsored
    For Sale
    Contact for pricing

    Prime Restaurant Space, Owner/User Opportunity

    Property size:
    18,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 18,200-square-foot retail building in Waterford Township, Michigan, presents a rare investment or owner-user opportunity. Recently renovated, the property is ideally suited for a restaurant, bar, or nightclub. Located at 1450 S Hospital Rd, 48327, in Oakland County, this prime location boasts a dense residential population and ample parking with convenient access. The building offers flexible lease options, with 9,100 to 18,200 square feet available. The current owner is open to leasing back 9,100 square feet of the space, selling the existing restaurant business along with the building, or vacating entirely to accommodate a new user. The property includes a liquor license and existing equipment, representing a significant advantage for a prospective buyer or tenant. Up to six months of free rent may be available, making this a compelling proposition for those seeking a turnkey operation or a blank canvas for their own concept. This is a truly unique opportunity to acquire a well-situated, recently renovated restaurant space in a thriving Michigan community. The property's gross lease structure simplifies operations, and its size allows for substantial expansion or adaptation to various restaurant concepts. Don't miss this chance to secure a highly desirable commercial property in a prime location.

    Property Features for 1450 Hospital Rd

    General Information

    Property type
    Restaurants
    Square Feet
    18,200 SF

    HighLights

    • 18,200 SF retail building in Waterford Twp, MI.
    • 1,000‑18,200 SF available for lease; up to six months free rent.
    • Recently renovated restaurant/bar/nightclub.
    • Owner will lease back 9,100 SF, sell business, or vacate.
    • Rare investment/owner‑user opportunity.
    • Prime location with dense residential population.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterford Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.424414
    Latitude
    42.6162686

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    FAQs

    What type of property is this?
    Restaurant - Prime Restaurant Space, Owner/User Opportunity
    Where is this restaurant located?
    The property is located at 1450 Hospital Rd Waterford Township, MI.
    What are key features of this property?
    This property features: 18,200 SF retail building in Waterford Twp, MI.; 1,000-18,200 SF available for lease; up to six months free rent.; Recently renovated restaurant/bar/nightclub.
    Request Owner's contact information
    1450 Hospital Rd Waterford Township, MI 48327
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    Waterford Township, MI 48327
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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
    1450 Hospital Rd Waterford Township, MI 48327
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