Former Tom's Root Beer Stand

Retail-Commercial for Sale
Catylist Listing ID: 29968757
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 1,932 SF
Gross Building Area: See Agent
Gross Land Area: 0.25 Acres
Sale Price: See Agent
Property Use Type: Investment, Vacant/Owner-User
Building Name: Former Tom's Root Beer Stand
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/15/2018

Overview / Comments

Popular Walled Lake Seasonal Restaurant opportunity for sale & for lease! Location available directly across from Walled Lake on East Walled Lake Dr. with an average of over 9,000 vehicles per day. Features 90 ft. of frontage on Walled Lake and a free standing retail space on a quarter of an acre lot. There are nineteen parking spaces with additional gravel lot on property. Possible redevelopment location. Owner is open to possible land contract as well.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Central I-96 Corridor
Taxing Authority: Walled Lake
Tax ID/APN: 17-34-431-001
Retail Clientele: General, Family
Property Visibility: Excellent
Largest Nearby Street: Pontiac Trail
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1960
Roof Type: Flat
Total Parking Spaces: 19

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,296 65,439 166,343
Median Age: 39.5 40.18 40.71
Households: 4,326 28,237 66,301


Photograph of Listing Agent

Darren Audia

Insite Commercial Not a member of CPIX
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