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$1,250,000
Est. payment /mo
4,046 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,046 sqft
Price per Sqft $308
Municipality City of Troy
Subdivision City Of Troy
MLS Listing ID 20261026940
Year Built 1956
Annual Tax Amount $11,561
Lot Size 1.700 Acres
Acres 1.7
Lot Dimensions 277X273X231X291
Source Realcomp
Property Description
This property presents an outstanding opportunity to revive a fully remodeled bar, restaurant, and private party venue with significant upside potential. The building includes a full sit-down bar, commercial kitchen, walk-in coolers, fenced patio area, approximately 2,000 square feet of basement storage, security system with cameras, and parking for 87 vehicles. All fixtures, improvements, and liquor license are included in the sale. Situated on busy Rochester Road with nearly 300 feet of frontage, the site also offers exceptional redevelopment potential. The property has been approved by the city for multiple uses; please contact for additional information regarding approved uses and redevelopment possibilities. The property previously generated substantial lottery revenue, with Norm's Field of Dreams Lottery reportedly producing nearly $300,000 annually at its peak before the original owners acquired the property and never reopened it. The site was also originally planned for a 100+ unit multifamily development, creating a rare opportunity for an investor, developer, or operator seeking a high-visibility location with multiple paths for value creation. LAND CONTRACT AVAILABLE. ALL TERMS ARE NEGOTIABLE.
Location
State MI
County Oakland
Zoning Commercial,Light Industri
Direction East side of Rochester Rd
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Troy
Others
Tax ID 2034276017
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Listed by Summit Union Real Estate
NEARBY SCHOOLS & PROPERTIES
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