28080 WALTZ Road Active Save Request In-Person Tour Request Virtual Tour
New Boston,MI 48164
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,450 sqft
Price per Sqft $172
Subdivision Huron Twp
MLS Listing ID 20250030101
Year Built 1912
Annual Tax Amount $2,661
Lot Size 9,147 Sqft
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 Wayne County - 100
Zoning Commercial
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Foundation Brick/Mortar
Sewer Public
Water Public
Structure Type Vinyl Siding
Schools
School District Huron