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About This Home
This 0-bedroom, 0-bathroom commercial at 28080 WALTZ Road in New Boston, MI is listed for $595,000 ($172 per sqft). Built in 1912, the home offers 3,450 sqft of living space on a 0.21 acres lot.
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.
Key Features
- Built in 1912
- 0.21 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$3,182/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
28080 WALTZ Road
New Boston, MI 48164
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 28080 WALTZ Road is listed at $595,000 ($172/sqft). The estimated monthly payment is $2,578 based on 20% down at 6.5% interest.
Key features include: Built in 1912, 0.21 acre lot, 2 stories.
This property is listed by Thomas Gaunt and can be reached at 2487676931 or tomgaunt@kw.com.
