2548 ELIZABETH LAKE Road Waterford ( Michigan, US - 48328) Built

$178,900

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SCORE REALTY, LLC

MATTHEW FOLLIS (586) 275-6288 (Office) 5862756288 (Office) (586) 275-6288 (Cell) Request More Info

Real Estate Only - Waterford, MI
Type: Commercial
Size: 1,134 sq. ft.
Lot Size: 0.12 acres
Year Built: 1948
MLS #: 20221068373

Description

Fully furnished and ready-to-go restaurant with dine-in and drive-thru. Main Rd frontage with great signage. Great location for a Coney, Deli, Burger House, IceCream Shop, etc. This location has recently opened and is operational. Do not approach employees without an approved appointment. Whether you want to invest and collect rent or you want to operate your own restaurant, this is the property for you. All appointments must be approved and accompanied by a licensed agent.

Highlights

Exterior Finish: Block, Concrete Block, Masonry, Wood
Roof: Built-up

Population

Total population	26,095
Male population	13,138
Female population	12,957
Median age	41.90
Median age (male)	40.60
Median age (female)	42.60

Marital status (Number of people who have the following marital status)

Never married	7,492
Married	9,346
Separated	247
Widowed	1,333
Divorced	3,499

Population by age

Under 15	4,425
Age 15 to 24	3,523
Ages 25 to 44	6,090
Ages 45 to 64	7,846
Age 65 and over	4,211

Population mobility

Live in the same house as 1 year ago	22,664
Moved from abroad	46
Moved from a different state	168
Moved from the same county	2,127
Moved from the same state	794

Population by poverty level

Above poverty level	22,681
Below poverty level (daily income under $1.90/day)	2,724

Employment

White collar	10,600
Blue collar	3,004

Class of worker

Self employed	984
Private company	10,698
Not for profit company	684
Government workers	1,238

Households

Total households	11,393
Family households	6,536
Non-family households	4,857
Households with children	3,075
Households without children	8,318
Average people per household	2.26

Education (Number of people who have achieved the following levels of education)

No high school	417
Some high school	7,715
Some college	6,568
Associate degree	2,142
Bachelors degree	3,408
Graduate degree	1,357

Income/Financial

Average household income	$87,434
Median household income	$60,825
Median income under 25	$41,697
Median income 25-44	$61,979
Median income 45-64	$73,021
Median income over 65	$42,909

Housing occupancy

Housing units	11,953
Occupied housing units	11,393
Owner occupied units	7,325
Renter occupied units	4,068
Median housing costs per month	$957
Median gross rent per month	$911

Housing by year built

Year built median	1970
Built before 1939	1,077
Built between 1940 and 1949	1,020
Built between 1950 and 1959	1,971
Built between 1960 and 1969	1,834
Built between 1970 and 1979	2,503
Built between 1980 and 1989	1,169
Built between 1990 and 1999	1,579
Built between 2000 and 2009	688
Built after 2010	112

Housing mortgage situation

Houses with mortgage	4,969
Houses without mortgage	2,356
Median value with mortgage	$171,400
Median value without mortgage	$165,900

Demographic data shown in this section was gathered from the 2021 American Community Survey and is deemed reliable but is not guaranteed. No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.

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Information is deemed to be correct but not guaranteed.