3870 Elizabeth Lake Rd Waterford, MI 48328
Property profile & analytics
3870 Elizabeth Lake Rd Waterford, MI 48328
- Bars & Pubs
- 2,494 SF
- 1.20 lot acres
Property ID
US43-0252431
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 3870 Elizabeth Lake Rd
- Year built
- 1971
- Lot size
- 1.20 lot acres
- Property size
- 2,494 SF
- Zone code
- BI
- Property type
- Bars & Pubs
- Property subtype
- Pubs
- APN
- W -13-26-153-024
- APU
- W1326153024
Description
This exceptional turnkey opportunity encompasses a 5,000 square foot, two-story building situated on a 1.2-acre lot in Waterford, Michigan. Built in 1971 and extensively renovated in 2021, this property boasts a single-tenant layout ideal for a restaurant or bar concept. The sale includes the real estate, the established business, and a valuable liquor license, offering a seamless transition for a new owner. The building features a walkout basement, providing ample storage and potential for expansion. With approximately 40 parking spaces and high visibility along Elizabeth Lake Road, this property benefits from a prime location in a thriving commercial area. The BI zoning allows for versatile business opportunities. This is a rare chance to acquire a well-established, profitable business with significant upside potential in a desirable market. The property's recent renovation ensures modern amenities and functionality, minimizing the need for immediate capital expenditures. The inclusion of the liquor license significantly enhances the value and potential profitability of this investment. This turnkey operation is ready for a new owner to step in and continue its success. The property's size, location, and included assets make it an attractive investment for experienced restaurateurs or savvy commercial investors seeking a high-return opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Waterford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3639
- Latitude
- 42.6395
- 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
$6,808
$0.00
$0.00
$161,460
-
$0.00
$0.00
$322,920
