1188 South Lapeer Rd
Lake Orion Village, MI, 48362 $ 190,000
Bedrooms-- Baths-- Monthly Estimate*
$ 1,170
Commercial Property for sale in Lake Orion Village, MI
for $190,000. This building was built in 1945.
Back on the market due to financing issues that redirected the transaction into a rare seller-financing opportunity under the above terms. Extremely hard-to-find offering featuring a CLASS C LIQUOR LICENSE* business available on seller financing with ZERO PERCENT INTEREST. Intended to help produce a qualified buyer. PRINCIPAL-ONLY SF structured on a (2) two-year note with (2) two separate balloon payments due at the end of each year. Come claim your spot before someone else does, opportunities structured like this will not last. Current lease term EXPIRES 11/20/2027 with OPTION TO RENEW LEASE TERMS WITH LANDLORD. Lease includes insurance, taxes, and CAM. Step into an immediate business opportunity with this fully equipped, turnkey restaurant. Strategically located near the main entrance of a high-traffic plaza, this property offers exceptional visibility and easy access for customers.The space is fully operational, furnished, and licensed, allowing for a smooth and rapid transition. It features seating for up to 90 guests, a complete full range professional kitchen, a walk-in cooler, and over $80,000 in existing equipment and inventory, included in the sale (""Class C liquor license is also available for separate purchase""). Simply bring your concept, your team, and start serving from day one. Situated in a thriving retail corridor, the location benefits from strong street presence, ample parking, and consistent residential and commercial traffic. This prime position delivers outstanding customer capture potential and keeps your brand highly visible in one of the area’s most active dining and retail hubs. Don’t miss this rare chance to own a move-in-ready restaurant in a proven, high-performing market. Terms provided are firm and non-negotiable. Will not entertain additional discounts beyond the financing structure being offered.
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FeaturesGeneralSewer PublicSewer
Heating ENERGYSTARQualifiedFurnaceEquipment NaturalGas
Possession AtClose
Garage Spaces 0.0
Construction Materials Brick
Year Built 1945
Levels One
Property Subtype Business
Current Use Commercial Restaurant Retail
Business Type Retail
County Oakland
Net Operating Income 0.0
Operating Expense 3989.0
New Construction N
Property Type BusinessOpportunity
HOA N
Attached Garage N
Garage Y/N N
Status Active
Directions From I-75 take Exit 95 for M-24 (Lapeer Rd) toward Orion Township. Continue south on Lapeer Rd for approximately 1.8 miles; the property is located on the right at 1188 S Lapeer Rd just minutes fro
City LakeOrionVillage_Oakland
Senior Community Y/N N
High School District LakeOrion
Zoning Description Commercial
MLS Area Area02092LakeOrionVlg
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 0.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Vacant
Tax Assessed Value 0
Expected Active Date 2026-05-22
Legal Description BUSSINESS ONLY
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ExteriorWater Source Public
Spa N
Building Area Total 2500.0
Lot Dimensions 30 x 100
Waterfront Y/N N
Road Frontage Type Alley
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
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* Excluded FeaturesList ByMaryott TijerinaListing Agent
Premier Realty Service LlcBroker
Affordability Calculator
- Monthly Principal & Interest
- $1,170
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyTrends Information provided by ATTOM Data Solutions.
4909479 Elementary School
4909768 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/22/2026 | $190,000 | | Listed Price |