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4904 ELIZABETH LAKE
Waterford Township, MI 48327

$1,400,000
Est. Mortgage: $7,008/mo
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Active
  • 3,627
    sq.ft.
Commercial

HIGH VOLUME CASH FLOW BUSINESS INCLUDING REAL ESTATE WITH LOTTERY, LIQUOR AND FOOD. A FAVORITE NIGHT SPOT FOR MUSIC AND ENTERTAINMENT EVERY WEEKEND. NEARLY 3/4 ACRE OF PROPERTY AND 93 FT OF LAKE FRONTAGE ON CRESCENT LAKE OFFER ROOM FOR ADDITIONAL POSSIBILITIES. NEARLY 3/4 ACRE OF PROPERTY AND ADDITIONAL PARKING AVAILABLE ON ADJACENT LEASED PROPERTY. PROJECTED REVENUES FOR 2018 EXCEED 750K. GREAT TURN KEY BUSINESS OPPORTUNITY. INCOME AND EXPENSE FIGURES BASED ON CURRENT EXPENSES AND PROJECTED REVENUE. PROPERTY INCLUDES 4 PARCELS: 13-27-109-005; 13-27-109-004; 13-27-106-005; 13-27-106-006.

Property Details
  • Waterford
    school district
  • $9,988.00
    taxes
  • 1971
    built
  • 218031317
    MLS#
Cable television available
Slab Foundation
School district: Waterford
Vinyl siding
Brick exterior
Wood exterior
Waterfront lot
Body of water: CRESCENT LAKE
Lot size: IRREGULAR
Subdivision: CRESCENT LAKE HIGHLANDS
Lot zoned: Commercial
Present use: BAR RESTURANT
Frontage: 150
Sewer
City water
Total square feet: 3627
For sale
Summer tax: 7660.0000
Winter tax: 2328.0000
Business type: Retail
Courtesy of:
KW Showcase Realty

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Get more info or schedule a showing:
Address Distance Sale date Sale price
5035 WILLIAMS LAKE Road 3.05 mi. 6/8/2018 $1,400,000
7920 COOLEY LAKE Road 3.53 mi. 10/30/2018 $965,000
5510 SASHABAW Road 5.3 mi. 2/2/2017 $1,150,000
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{"markerType": "Sold", "lat": "42.68688", "lng": "-83.3879", "Address": "5035 WILLIAMS LAKE Road", "City": "Waterford Township", "StateProv": "MI", "ZipCode": "48329"}
{"markerType": "Sold", "lat": "42.61506", "lng": "-83.4404", "Address": "7920 COOLEY LAKE Road", "City": "Waterford Township", "StateProv": "MI", "ZipCode": "48327"}
{"markerType": "Sold", "lat": "42.71952", "lng": "-83.37846", "Address": "5510 SASHABAW Road", "City": "Independence Township", "StateProv": "MI", "ZipCode": "48346"}
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Waterford Township Real Estate Market in 48327
132
Properties for sale right now
$170,910
Average sale price
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The approximate monthly principal & interest payment for this property would be $7,007.82.

This payment is based on a 30-year loan at a fixed rate of 4.750 % - APR 4.837 % with a down payment of $70,000. Actual lender interest rates and loan programs may vary. Loans with lower down payments are available.

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4904 ELIZABETH LAKE, Waterford Township, MI 48327 commercial offered for sale at $1,400,000.
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