For Sale
503 LAKEVILLE Road, Leonard, MI 48367
$170,000
MLS # 20261027930 (Realcomp)
Built 19200 acres
1 / 7
Listing Description
Business Opportunity only. Don't miss this rare opportunity to own a thriving business with 3 years of success, located right on picturesque Lakeville Lake! Recent improvements made to the store and restocked inventory!! This established restaurant includes a liquor license, with rent set to increase in April, making now the perfect time to invest. The sale comes fully equipped with top-notch inventory valued above $100k, featuring a pizza oven, meat slicer, freezer, fridge, stove, and more. A dedicated office area ensures smooth operations. This is a turnkey opportunity to step into a well-stocked and profitable business in an unbeatable lakeside location. Summer the store makes $16,000 a week. Winter $8,000 a week. Lotto $90,000 a year. Kitchen area potential $10,000 weekly. Asking price is $170,000 plus $100,000 inventory. PROOF OF FUNDS REQUIRED BEFORE SHOWING
Source: SparkMLS
About this home
Asking $170,000.
Property tax estimate: $11,423 per year ($952/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Year Built1920
Location
CityLeonard
MunicipalityAddison Twp
Zip Code48367
CountyOakland
School DistrictOxford
Construction & Systems
ConstructionOther
HeatingForced Air
Sale & Financing
Listed4/22/2026
Source: SparkMLS
Tax Information
Annual Tax$7,586
State Equalized Value$211,600
Taxable Value$154,040
Parcel #0527329002
Source: Public Records
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Nahed Yousif
Brookstone, Realtors LLC
Frequently Asked Questions about 503 LAKEVILLE Road, Leonard, MI 48367
Which school district serves 503 LAKEVILLE Road, Leonard, MI 48367?
Per MLS# 20261027930, 503 LAKEVILLE Road, Leonard, MI 48367 is in the Oxford boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Oxford directly to confirm enrollment eligibility.
What are the property taxes at 503 LAKEVILLE Road, Leonard, MI 48367?
Per public tax records, annual property taxes for this property are $7,586. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 503 LAKEVILLE Road, Leonard, MI 48367 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 503 LAKEVILLE Road, Leonard, MI 48367 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 503 LAKEVILLE Road, Leonard, MI 48367?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Oakland County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Tax Estimate
$
Annual tax$11,423
Monthly$952
Millage rate53.9830 mills
Municipality: TOWNSHIP OF ADDISON
School district: TR-OXFORD/LK ORION
County: Oakland
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$2,055
Principal & interest$1,103
Property taxes$952
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
503 LAKEVILLE Road, Leonard, MI 48367
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Municipality
Addison Township
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County
Oakland County
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