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Charles Laird

[email protected] +1(248) 431-0544

$ 595,000

Est. payment -/mo

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28080 WALTZ RD New Boston, MI 48164

3,450 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type BusinessandRealEstate

Listing Status Active

Purchase Type For Sale

Square Footage 3,450 sqft

Price per Sqft $172

MLS Listing ID 20250030101

Year Built 1912

Lot Size 9,147 Sqft

Acres 0.21

Property Sub-Type BusinessandRealEstate

Property Description

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.

Location

State MI

County Wayne

Area Area05161Hurontwp

Interior

Heating ForcedAir, NaturalGas

Cooling CentralAir, WallWindowUnits

Fireplace No

Exterior

Parking Features ParkingLot, OnSite, OnStreet

View Y/N No

Roof Type Asphalt

Building

Foundation Basement, BrickMortar

Sewer PublicSewer

Water Public

New Construction No

Schools

High Schools Huron

School District Huron

Others

Senior Community false

Acceptable Financing Cash, Contract, Conventional

Listing Terms Cash, Contract, Conventional

Special Listing Condition ShortSaleNo, Standard

Listed by Thomas Gaunt of KW Showcase Realty

Charles Laird

Broker Associate | License ID: 6502364516

+1(248) 431-0544

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Charles Laird

28080 WALTZ RD New Boston, MI 48164

Key Details

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28080 WALTZ RD