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    Property profile & analytics

    1403 Commerce Rd Walled Lake, MI 48390-2403

    • Turn key restaurants
    • 4,794 SF
    • 1.49 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 18, 2024
    $800,000
    Location Intelligence
    Property ID
    US43-5258439
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Zander rulez walled lake / Bar & Grill
    • C.A.Y.A Smokehouse Grill / Caterer / Barbecue Restaurant

    Property Details for 1403 Commerce Rd

    Year built
    1970
    Lot size
    1.49 lot acres
    Property size
    4,794 SF
    Zone code
    BI
    Property type
    Turn key restaurants
    APN
    EW-17-27-428-002
    APU
    EW1727428002

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Walled Lake
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4787
    Latitude
    42.5446
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,335
    $0.00
    $0.00
    $502,980
    -
    $0.00
    $0.00
    $1,005,960

    Comparable in this City

    • Value Estimation by Request
      5,300 SF

      1007 Ew Maple Rd

      RESTAURANT • 5,300 SF
      1007 Ew Maple Rd, Walled Lake, MI 48390-3572
      View Details
    • Value Estimation by Request
      5,117 SF

      455 Haggerty Rd

      RESTAURANT • 5,117 SF
      455 Haggerty Rd, Commerce Township, MI 48390-3936
      View Details
    • Value Estimation by Request
      5,375 SF

      2435 Benstein Rd

      RESTAURANT • 5,375 SF
      2435 Benstein Rd, Commerce Township, MI 48390-1818
      View Details
    • Value Estimation by Request
      6,466 SF

      8115 Richardson Rd

      RESTAURANT • 6,466 SF
      8115 Richardson Rd, Commerce Township, MI 48390-4131
      View Details
    • Value Estimation by Request
      6,465 SF

      500 Loop Rd

      RESTAURANT • 6,465 SF
      500 Loop Rd, Commerce Township, MI 48390-3083
      View Details
    • Value Estimation by Request
      6,715 SF

      3003 Commerce Xing

      RESTAURANT • 6,715 SF
      3003 Commerce Xing, Commerce Township, MI 48390-3082
      View Details

    Similar Nearby for Sale

    • $175,000
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      Turnkey Restaurant Opportunity in Commerce

      Established restaurant for sale in a desirable suburban market.
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      View Details
    • $1,450,000
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      Burger King Investment Opportunity

      Walled Lake, MI Restaurant - High Cap Rate
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    • $995,000
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      Freestanding Restaurant with Drive-Thru

      2,633 SF restaurant with drive-thru in downtown Walled Lake.
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    • $1,248,000
      8.32 Acres

      Commerce Twp Industrial Land - $1.2M

      8.32 Acres, Prime Oakland County Location
      0 Of Martin Pkwy, Commerce Charter Township, MI 48390
      View Details
    • Contact for pricing
      2.30 Acres

      West Bloomfield Industrial Land Parcel

      2.3-Acre Industrial Land in Oakland County
      0 Swc Oakley Park And Haggerty Parcel J, West Bloomfield Township, MI 48390
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    • $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
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    Similar Nearby for Lease

    • $10 SF/Yr
      15,400 SF

      Maple Plaza: Retail Space Available

      High-traffic retail center; spaces from 1,600 sq ft.
      1124 West Maple Rd, Walled Lake, MI 48390
      View Details
    • $12 SF/Yr
      11,114 SF

      Commerce Twp Retail Plaza

      Last Retail Space Available!
      710 Benstein Rd, Commerce Charter Township, MI 48390
      View Details
    • Contact for pricing
      16,000 SF

      Maple Park Plaza Retail Space

      Commerce Twp retail space available; 1,500 sq ft.
      1001 Welch Rd, Commerce Charter Township, MI 48390
      View Details
    • Contact for pricing
      5,600 SF

      Retail Outlot with Drive Thru

      Retail or office space with high visibility and ample parking.
      1110 N Pontiac Trl, Walled Lake, MI 48390
      View Details
    • $5,500 /Mo

      Multi-Use Building For Lease

      Versatile building suitable for various business and retail purposes.
      1160 Welch Rd, Walled Lake, MI 48390
      View Details
    • $18 SF/Yr
      1,500 SF

      Commerce Plaza Retail Space

      High-traffic retail space available in Commerce Township, MI
      2141-2181 Pontiac Trl, Commerce Charter Township, MI 48390
      View Details
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    1403 Commerce Rd
    Walled Lake, MI 48390-2403
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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
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