Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1113 West Maple Rd Walled Lake, MI 48390

    Sponsored
    For Sale
    $1,450,000

    Walled Lake, MI Restaurant - High Cap Rate

    Property size:
    3,039 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a freestanding Burger King restaurant located at 1113 E West Maple Rd, Walled Lake, MI 48390. The property boasts 3,039 square feet situated on a 1.26-acre lot, offering ample space for operations and 51 parking spaces for customer convenience. Built in 1983, the building is zoned B1 and C-2 - General Commercial, allowing for flexibility. The property features a strong cap rate of 6.60% and is offered at an asking price of $1,450,000, translating to a land value of $477.13 per acre. The current lease agreement is a NNN lease, providing a predictable income stream. The franchisee operates 11 locations. The lease terms are structured as follows: $8,000 per month, NNN for years 1-5

    Property Features for 1113 West Maple Rd

    General Information

    Property type
    Restaurants
    Square Feet
    3,039 SF
    Lot Size
    54,886 SF

    Building Details

    Year Built
    1983

    HighLights

    • $8,000/month NNN lease for the first five years, increasing to $8,800/month NNN for years six through ten.
    • High‑traffic location with excellent frontage on E. West Maple Road in a dense retail corridor.
    • Established franchisee operating 11 locations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Burger King Restaurant

    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
    Walled Lake
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4785661
    Latitude
    42.5385393

    Nearby Comparable

    • $995,000
      2,633 SF

      Freestanding Restaurant with Drive-Thru

      2,633 SF restaurant with drive-thru in downtown Walled Lake.
      976 N Pontiac Trl, Walled Lake, MI 48390
      View Details
    • $554,400
      3.30 Acres

      Walled Lake Industrial Land - 3.3 Acres

      Prime Industrial Land, I-1 Zoning, $554,400
      0 Of Maple Rd, Walled Lake, MI 48390
      View Details
    • $3,000,000
      15.42 Acres

      Prime Walled Lake Commercial Land

      15 Acres, $3M, R-15 Zoning
      0 Maple Rd, Walled Lake, MI 48390
      View Details
    • $339,000

      Renovated Town Home Near Downtown

      Spacious 3-bedroom condo with private entrance and updated features.
      145 E Bay Dr, Walled Lake, MI 48390
      View Details
    • Contact for pricing
      8.59 Acres

      Walled Lake Industrial Land - 8.59 Acres

      Prime Industrial Land, Build-to-Suit Option
      1215 Decker Rd, Walled Lake, MI 48390
      View Details
    • $359,000
      1.12 Acres

      Walled Lake Residential Land Opportunity

      1.12 Acres, Multi-Family Zoning
      0 Of Pontiac Trl, Walled Lake, MI 48390
      View Details
    • $275,000
      1,132 SF

      Walled Lake Commercial Building For Sale

      Commercial building in high-traffic area with diverse business potential.
      121 E Walled Lake Dr, Walled Lake, MI 48390
      View Details
    • $395,000
      0.83 Acres

      Prime Walled Lake Commercial Land

      0.83 Acres, C-3 Zoning, Lakefront
      0 Walled Lk Dr. & Pontiac Trl, Walled Lake, MI 48390
      View Details
    • Contact for pricing
      1.00 Acre

      Industrial Land: Walled Lake, MI

      Shovel-ready lots, I-96 access.
      0 Enterprise Dr And Ladd Rd, Walled Lake, MI 48390
      View Details
    • Contact for pricing
      1.00 Acre

      Walled Lake Industrial Land Parcels

      18 shovel-ready lots, various sizes.
      0 Claranton Dr & Ladd Rd, Walled Lake, MI 48390
      View Details

    Nearby Similar for Sale

    • $805,000
      4,388 SF

      Income-Producing Commercial Property For Sale

      Commercial property with convenience store, apartment, and single-family rental home.
      1215 W Oakley Park Rd, Walled Lake, MI 48390
      View Details
    • $175,000
      2,050 SF

      Turnkey Restaurant Opportunity in Commerce

      Established restaurant for sale in a desirable suburban market.
      4052 Haggerty Hwy, Walled Lake, MI 48390
      View Details
    • $240,000
      1,242 SF

      Updated Condo in Addington Corners

      Updated upper ranch condo with modern amenities and community pool.
      5200 Addington Dr, Walled Lake, MI 48390
      View Details
    • $339,000

      Renovated Town Home Near Downtown

      Spacious 3-bedroom condo with private entrance and updated features.
      145 E Bay Dr, Walled Lake, MI 48390
      View Details
    • $275,000
      1,132 SF

      Walled Lake Commercial Building For Sale

      Commercial building in high-traffic area with diverse business potential.
      121 E Walled Lake Dr, Walled Lake, MI 48390
      View Details
    • $174,900

      Updated Condo with Lake Views

      Turnkey condo with lake views, access to waterfront amenities.
      855 S Pontiac Trl, Walled Lake, MI 48390
      View Details
    • $995,000
      2,633 SF

      Freestanding Restaurant with Drive-Thru

      2,633 SF restaurant with drive-thru in downtown Walled Lake.
      976 N Pontiac Trl, Walled Lake, MI 48390
      View Details
    • $345,000
      3,300 SF

      Highland Park Warehouse - $345K

      3,300 SF Warehouse, Oakland County
      17905 Chrysler Dr, Walled Lake, MI 48390
      View Details
    • $560,000
      4,200 SF

      Walled Lake Medical Office Building

      Profitable Medical Office, 4200 SF
      1881 Pontiac Trl, Walled Lake, MI 48390
      View Details

    FAQs

    What type of property is this?
    Restaurant - Walled Lake, MI Restaurant - High Cap Rate
    Where is this restaurant located?
    The property is located at 1113 West Maple Rd Walled Lake, MI.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: $8,000/month NNN lease for the first five years, increasing to $8,800/month NNN for years six through ten.; High-traffic location with excellent frontage on E. West Maple Road in a dense retail corridor.; Established franchisee operating 11 locations.
    Request Owner's contact information
    1113 West Maple Rd Walled Lake, MI 48390
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1113 West Maple Rd
    Walled Lake, MI 48390
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1113 West Maple Rd Walled Lake, MI 48390
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.