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Property profile & analytics
OFF-MARKET
Retail space

5999 Andersonville Rd Waterford, MI 48329-1515

3,650 SF 0.56 ac lot Built 1956
Individually Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US43-1505658
Property summary
AI-generated overview

This 5,200 square foot restaurant in Waterford Township, Michigan is ready for immediate occupancy. Located on a high-traffic corner lot at 5999 Andersonville Rd (48329), this property boasts excellent curb appeal and a prime location. The building, custom-built in 1980 and previously a successful family-owned ice cream parlor and bakery for 44 years, features newer windows and roof, 6" sewer drains, and commercial gas lines. The 0.56-acre lot provides ample parking with 30 spaces, plus three grandfathered sign posts and an exterior storage shed. An attached apartment offers potential for additional rental income. The property includes two furnaces and air conditioning units. Currently zoned C-1, permitted uses include, but are not limited to, convenience stores, animal grooming, childcare, dry cleaning, medical and professional offices, restaurants, fast food, and fitness centers. The asking price is $599,000, with a price per square foot of $115.19. The property features one building and is situated on APN 1304151001. Ownership is a proprietorship.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1956
Total area 3,650 SF
Lot 0.56 ac (24,394 SF)
Zoning code BI
APN W -13-04-151-001
UPID US43-1505658
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Carol A Dimmer · 3 yrs held
Carol A Dimmer
since 2023
3 recorded transactions
2023
Price N/A
2012
Price N/A
2002
Price N/A
Zoning & alternative use
BI · Waterford, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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