Price Reduction
16250 Northland Drive, Unit Ll19 Southfield, MI
$ 30,000
Property Attributes
  • ID#2200054994
  • TypeCommercial
  • CountyOAKLAND
  • CitySouthfield
  • AreaSouthfield
  • Zip48075
  • StyleRestaurant inside building
  • Year Built1967
  • Taxes$ 58162
  • Price$ 30,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3015
Listing Provided Courtesy Of:
PG Real Estate Group
Data Source:
RealComp - 83 - MI
Property Description

Rare chance to own the business entity to a fully equipped and running restaurant inside of busy office complex. This restaurant is totally set up to provide dine in (40 seats), carry out, and catering services for the 6 story building and surrounding areas. Currently operates Monday through Friday 8am - 4:30pm. Sale includes all kitchen equipment, seating, inventory and 3 hallway vending machines (1 snack, 2 drink). The hours of operation can be expanded for the evening to support the school that offers night classes until 10pm in the building. Lease is $1,250/month and includes taxes and utilities and internet is $150/month.

Price History
7/16/2020 Listed $100,000
7/28/2020 10% - $90,000
11/3/2020 12% - $80,000
12/3/2020 38% - $50,000
11/16/2021 40% - $30,000

General Features

Commercial Type Business Opportunity
Construction Materials Other
Cumulative Days on Market 508
Current Use Restaurant inside building
Gross Scheduled Income 156000.00
Heating Forced Air
Listing Agent Public Id 414648
Net Operating Income 100000.00
Operating Expense 56000.00
Ownership Status Private Owned, Short Sale - No
Parcel Number 2436377025
Possession At Close
Property Type Commercial
School District Southfield Public Schools
Sewer Sewer-Sanitary
Short Sale No
Status Active
Terms Offered Cash, Conventional
Total Sq Ft 3015
Transaction Type Sale
Unit Number LL19
Year Built 1967
Zoning Commercial, Office

Interior Features

Heating Fuel Natural Gas

Exterior Features

Architecture Level 1 Story
Foundation Basement
Foundation Materials Poured
Frontage Feet 200
Lot Size Area 0.00
Lot Size Dimensions Business Only
Water Source Municipal Water


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

IDX provided courtesy of Realcomp II Ltd., via Real Estate One, West Bloomfield and The Originating MLS(found above), © 2021 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of December 9, 2021 1:12 PM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Commercial Average in 48075

AVG $20K
AVG $38,102
AVG 115
Year Built
AVG 1966
AVG 42
Data Provided by Walkscore ® not using MLS data

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