Technical
Financial
Distress signals
Property profile

2299 Elizabeth Lk Rd Waterford, MI 48328

OFF-MARKET
Drive through restaurants
Property ID
US43-0328224
566 SF Built 1992
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, a former drive-thru restaurant, presents a unique investment opportunity in Waterford Township, Michigan. Located at 2299 Elizabeth Lake Road, near the intersection of Telegraph Road, this single-tenant building offers 566 square feet of space, ideal for a variety of fast-casual concepts. Built in 1992, the property sits on a 0.25-acre lot and includes ample parking with 12 spaces to accommodate customers. The building's previous use as a drive-thru restaurant makes it perfectly suited for similar businesses, such as coffee shops, fast-food establishments, or food preparation facilities. The property is zoned commercial and boasts a convenient location with high visibility. The Oakland County address (APN: W -13-25-404-034) ensures easy identification and streamlined processes. This is a fantastic opportunity to acquire a well-situated commercial property in a thriving area at a highly competitive price point. The property's existing infrastructure significantly reduces start-up costs, making it an attractive option for entrepreneurs and investors alike. Don't miss this chance to own a piece of Waterford Township's vibrant commercial landscape. The zip code is 48328.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1992
Total area 566 SF
APN W -13-25-404-038
UPID US43-0328224

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2299 Elizabeth Lk Rd Waterford, MI 48328-3307
Waterford metro Census 145400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$225k

Owner & transaction history

since 2024
5 recorded transactions
2024
Price N/A
2022
Price N/A
2022
$165,000
2022
$135,000
2019
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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