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    OFF-MARKET
    Office buildings

    1362 Huron St, Waterford, MI 48328-3678

    5,081 SF 0.59 ac lot Built 1991
    Trust Owned 8-yr Hold Free & Clear
    Property ID
    US43-1578069
    Property summary
    AI-generated overview

    This 5,081 square foot industrial building in Waterford, MI, presents a fantastic investment opportunity. Boasting prime M-59 frontage with excellent signage potential, this property is ideally located just half a mile west of Telegraph Road, ensuring high visibility and accessibility. The building's central portion features a dedicated entrance, a large footprint, and direct interior access to both a substantial basement and a 1500 square foot upper level. The basement, fully renovated, offers ample storage space, easily partitioned for multiple tenants. The upper level currently includes four offices, a small kitchen, and a bathroom, with potential for additional office space. Adding to the income potential are two single-story end caps, each with its own mechanicals and bathrooms, perfect for smaller businesses or professional offices. One end cap features two offices, while the other offers an open layout for customized build-out. One fully furnished office suite is available for an additional fee, including two private offices, a conference room, shared desk space, a private kitchen, and two bathrooms. The property sits on a 0.59-acre lot. Utilities are the responsibility of the tenant. This versatile property is suitable for a variety of uses, including larger firms, call centers, distributors, and independent businesses. Additional space and options are available.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1991
    Total area 5,081 SF
    Lot 0.59 ac (25,700 SF)
    Zoning code BI
    APN W -13-25-376-039
    UPID US43-1578069
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Fugle,michael J Living Trust · 8 yrs held
    Fugle,michael J Living Trust
    since 2018
    4 recorded transactions
    2018
    2018
    2007
    1969
    Zoning & alternative use
    BI · Waterford, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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