4515 N Lake Rd

Retail-Commercial for Sale
Catylist Listing ID: 30721988
Property Subtypes: Restaurant
Building Size (RSF): 3,700 SF
Gross Building Area: See Agent
Sale Price: $299,900
Unit Price: $81.05 PSF
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 7/22/2021

Overview / Comments

Great opportunity to purchase a great, well established Bar-Restaurant-Back door lounge. Large building with 2 rental spaces attached.
40 years in business. Possible land contract. Reduced for quick sale. Sale included all equipment. Liquor license, lottery etc. Close to
Holloway Reservoir. Make offer! Hurry. Land contract terms are $100,000 down, 9% interest, $2500 a month, and 24 month balloon.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Lapeer
Tax ID/APN: 01302904300

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 719 6,625 11,240
Median Age: 38.97 41.45 42.16
Households: 264 2,486 4,247

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