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28080 Waltz Rd 3,200 SF Retail Building New Boston, MI 48164 $595,000 ($185.94/SF)
EXECUTIVE SUMMARY
THE WALTZ INN RESTAURANT AND BAR IS READY FOR A NEW OWNER! This wonderful restaurant and bar has been closed for the last few years, but is fully intact with a carryout license and all the inventory. Plus as a bonus, there are 2 rental units upstairs that generate income as well. All appliances in the rentals are also included in the sale. Value Added Bonus: The roof was brand new in July of 2024. This restaurant has a fantastic history and a solid reputation as a meeting place for family and friends. The restaurant was open for ~36 years and the tavern was opened in the early 1900's and the seating capacity is 82. Help to rekindle this classic establishment with your own flair and vision. Land contract may be an option, with $250K down at 7% interest, $3,000 per month, 30 year amortization with a 5 year balloon. The liquor license is sold separately for $80K. The last full year in business generated ~$570,000 in sales when being open only 5 days a week. Their best year generated ~$800,000 in sales when being open 7 days a week.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
-
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-
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| Total Expenses |
$99,999
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$9.99
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TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
3,200 SF
Building Class
C
Year Built
1912
Price
$595,000
Price Per SF
$185.94
Tenancy
Single
Building Height
2 Stories
Building FAR
0.37
Lot Size
0.20 AC
Zoning
B1 LOCA - General Business District
Parking
17 Spaces (5.31 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Signage
PROPERTY TAXES
| Parcel Number | 75-127-01-0276-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $87,100 |
PROPERTY TAXES
Parcel Number
75-127-01-0276-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$87,100
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28080 Waltz Rd
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