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$ 725,000
Est. payment | /mo
5,094 SqFt
$ 725,000
Est. payment | /mo
5,094 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,094 sqft
Price per Sqft $142
MLS Listing ID 58050218576
Year Built 1925
Lot Size 4.000 Acres
Acres 4.0
Property Description
Excellent redevelopment or rehabilitation opportunity on a highly visible commercial property along Van Dyke. The main restaurant building experienced a fire and will require repairs and remediation, including roof work, smoke remediation, portions of drywall replacement, and basement mold remediation related to failed sump pumps. The underlying structure appears to remain solid, giving a new owner the opportunity to restore the existing restaurant or reposition the property for another commercial use. The property also includes a separate barn/workshop currently used for storage and a single-family residence, creating additional potential income or redevelopment options. The residence is currently occupied; buyer to verify tenancy and occupancy details. This property had previously been under contract prior to the fire, making this a unique opportunity for an investor, developer, contractor, or owner-user to acquire the property at a substantially different price point and bring it back to life. A Class C liquor license may also be available separately. The liquor license is not included in the sale of the real estate and is subject to separate negotiation and applicable approvals. Property is being sold in its current condition. Buyer and buyer's agent to verify all information, permitted uses, condition, and redevelopment possibilities.
Location
State MI
County Macomb
Area Area03041Washingtontwp
Interior
Fireplace No
Exterior
View Y/N No
Building
Foundation Basement
Sewer Septic Tank
Water Well
New Construction No
Schools
School District Romeo
Others
Acceptable Financing Cash, Contract, Other
Listing Terms Cash, Contract, Other
Special Listing Condition ShortSaleNo, Standard
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Listed by Jesse Long of RE/MAX First
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