5540 Drake Road

West Bloomfield Twp, MI
$ 249,900 Beds 0 Baths 0 Sq 1,800 Virtual Tour
Monthly Estimate* How much can I afford?

GREAT LOCATION WEST BLOOMFIELD RESTAURANT BUSINESS. FAMILY OWNED AND OPERATED FOR 22 YEARS. FIRST CHOICE IN FINE DINING AND SOCIAL GATHERING FOR AREA RESIDENTS, OFFERING REPRESENTS A COMPLETE, FULL-SERVICE RESTAURANT, TAKE-OUT, AND CATERING. THE DINING AREAS PRESENT EXTENSIVE FLEXIBILITY WITH A MAXIMUM OCCUPANCY OF 50 CLIENTS. SUMMER TIME OUTSIDE SEETING AVILABLE. GREAT LOCATION IN THE HEART OF WEST BLOOMFILED AND WITH-IN 2 MILES OF 4 OTHER SURONDING CITIES. 22 YEARS OF LOYAL CUSTOMER BASE. LEASE IS $2500 PER MONTH. 4 YEARS LEFT OF THE LEASE AGREEMENT.

Commercial

  • Price
  • $ 249,900
  • Lot Size
  • Bedrooms
  • 0
  • Sqr Footage
  • 1,800
  • Full Bathrooms
  • 0
  • Year Built
  • 1982
  • Half Bathrooms
  • 0
  • City, Zip
  • West Bloomfield Twp
  • County
  • OAKLAND
  • Style
  • RESTAURANT DINE IN & TAKE OUT AND CATERING
  • Area
  • West Bloomfield Twp
  • MLS#
  • 2210010338
  • Zip
  • 48322
Listing Provided by: 365 REALTY
Data Source: RealComp - 83 - MI

Features

General

Business Type Retail, Service
Commercial Type Business Opportunity
Construction Materials Brick
Cumulative Days on Market 285
Current Use RESTAURANT DINE IN & TAKE OUT AND CATERING
Deposit Amount 125000.00
Gross Scheduled Income 0.00
Heating Central Air, Forced Air
Land Contract Yes
Listing Agent Public Id 401764
Net Operating Income 0.00
Operating Expense 0.00
Ownership Status Private Owned, Short Sale - No
Parcel Number 1829226049
Possession At Close
Property Type Commercial
School District Walled Lake
Sewer Sewer-Sanitary
Short Sale No
Status Active
Terms Offered Cash, Conventional, Land Contract
Total Sq Ft 1800
Transaction Type Sale
Year Built 1982
Zoning Commercial

Interior Features

Heating Fuel Natural Gas

Exterior Features

Architecture Level 1 Story
Exterior Features Private Entry
Foundation Slab
Foundation Materials Other
Frontage Feet 20
Lot Size Area 0.00
Lot Size Dimensions Business Only
Water Source Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Allen Park, MI office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

2/17/2021 Listed $249,900

Property vs Zip Code Average in 48322

Price
AVG $70K
$250K
Visits
AVG 83
72
Year Built
AVG 1986
1982
Walkscore
AVG 56
34
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

5540 Drake Road West Bloomfield Twp, MI is a Single Family Home for sale at $249900 with 1800 sqft and a lot size of Acre(s). 5540 Drake Road West Bloomfield Twp has 0 bedrooms, 0 baths and was built in 1982. The property's zip code is 48322 which is in West Bloomfield Twp, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.