5999 Andersonville Rd Waterford, MI 48329-1515
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
BI · Waterford, MIWaterford. Always verify with local authorities before improvements.
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Risks
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