1450 Hospital Rd Waterford, MI 48327-4198
Property profile & analytics
1450 Hospital Rd Waterford, MI 48327-4198
- Bars & Pubs
- 18,416 SF
- 1.59 lot acres
Property ID
US43-1264743
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.
Location Intelligence
Current Use by Public Records
- Bars & Pubs
Property Details for 1450 Hospital Rd
- Year built
- 1973
- Lot size
- 1.59 lot acres
- Property size
- 18,416 SF
- Zone code
- BI
- Property type
- Bars & Pubs
- Property subtype
- Pubs
- APN
- W -13-31-476-107
- APU
- W1331476107
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,831,000
- AI Estimate
- $1,535,000
Market price range: $1.83M - $4.38MMarket price range: $1.54M - $3.59M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Waterford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.4241
- Latitude
- 42.6164
- 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
2019
$22,245
$0.00
$0.00
$414,900
-
$0.00
$0.00
$829,800
