Commercial Building on Corner
1362 Huron Street, Waterford, MI 48328
Real Estate Only - Waterford, MI
Property size:
5,081 SFLot size:
0.59 AcresPrice / SF:
$127/SF- Added:
- Mar 31, 2026
- Days on Market:
- 47
- Last Refresh:
- May 16 at 3:06 pm
Property Features for 1362 Huron Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- APN
- 000000
- Size
- 5,081 SF
- Lot size
- 0.59 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8901.85
Utilities
- Heating system
- Central
Building Details
- Year built
- 1991
- Year renovated
- 2026
- Building materials
- Brick
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Ann Byer (248) 787-7895
Listing office Coldwell Banker Metro Real Estate 1362 W Huron St, Commerce, MI (248) 787-7895
Listing date Mar 31, 2026
MLS# 20261020770
Listing URL
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑traffic, high‑visibility corner location on M59 and Voorheis.
- Four units provide diverse rental income streams.
- Double lot and C2 zoning offer flexibility, with potential for C3 rezoning.
- Updated HVAC, indoor sprinkler system, and outdoor sprinklers.
- Separately metered units for electrical and gas.
- Finished basement adds significant usable square footage.
Overview
This four-unit commercial building is located on the corner of M59 and Voorheis in Waterford, MI. Situated on a double lot, the property benefits from high traffic and visibility. Zoned C2, there is a possibility of rezoning to C3. Three units (A, B, and C) are located on the ground level, while one unit (D) is on the second level and accessible by an elevator. The building includes a fully finished basement that adds to the total square footage. Updated HVAC, an indoor sprinkler system, and outdoor sprinklers are in place. A large parking lot serves the building. Each unit is separately metered for electrical and gas. The property presents a great investment opportunity with passive income potential. Unit A is fully updated and set up as an office space, featuring two private offices, a conference room, common space, a full kitchenette, and two bathrooms. Unit B is also a fully updated office space, containing three private offices and one bathroom. Unit C is an open space with one bathroom. Unit D is an office space that includes two offices, a kitchenette, one full bath, and a conference room, as well as common space. The basement provides a large, fully finished open area. The property size is 5081 square feet and the lot size is 0.59 acres, located in Oakland County.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$607.5K
NOI $54,674 @ 9.00% cap · cautious / downside scenario
Moderate
$781.1K
NOI $54,674 @ 7.00% cap · market / base-case scenario
Aggressive
$1.09M
NOI $54,674 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.4k | $16.80 |
| − Vacancy | −$7.3k | −$1.43 |
| EGI | $78.1k | $15.37 |
| − OpEx | −$23.4k | −$4.61 |
| NOI | $54.7k | $10.76 |
5,081 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$781.1K
$683.4K – $911.2K
NOI $54,674 @ 7.0% cap · market cap 8.42%
Second Best
Office B
$249.9K
$218.6K – $291.5K
NOI $17,491 @ 7.0% cap · market cap 2.70%
Theoretical Best
Specialty Retail
$1.10M
$958.9K – $1.28M
NOI $76,715 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Waterford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3393604
- Latitude
- 42.6351651
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Four-unit commercial building with high visibility and income potential.
Where is this office units located?
The property is located at 1362 Huron Street Waterford, MI.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: High‑traffic, high‑visibility corner location on M59 and Voorheis.; Four units provide diverse rental income streams.; Double lot and C2 zoning offer flexibility, with potential for C3 rezoning.
