Commercial Building on Dixie
4680 Dixie Highway, Waterford, MI 48329
Real Estate Only - Waterford, MI
Property size:
2,519 SFLot size:
0.35 AcresPrice / SF:
$198/SF- Added:
- Feb 23, 2026
- Days on Market:
- 82
- Last Refresh:
- May 16 at 2:06 pm
Property Features for 4680 Dixie Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial,Office
- Standard status
- Active
- APN
- 1310177007
- Size
- 2,519 SF
- Lot size
- 0.35 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5124
Building Details
- Year built
- 1961
- Floors in Building
- 1
- Building materials
- Brick
- Roof type
- Rubber
- Architectural style
- Other
Listing agent Jeff Glover (734) 459-4700
Listing office KW Professionals 789 W Ann Arbor Trail, Plymouth, MI (734) 459-4700
Listing date Feb 23, 2026
MLS# 20261011214
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 location on Dixie Highway with excellent visibility and multiple signage opportunities, including rooftop signage.
- Solid all‑brick, 2,500+ sq ft commercial building.
- Flexible layout suitable for salon, dental, professional office, medical, office, or retail use with extensive plumbing.
- Immediate income potential with 70% occupancy by week‑to‑week tenants.
- Approximately 22 parking spaces.
- Located in an established commercial area with consistent traffic and surrounding businesses.
Overview
This commercial building, located on Dixie Highway in Oakland County, offers 2,519 square feet of space. The solid, all-brick structure provides excellent visibility with multiple signage opportunities, including rooftop signage. The property is currently configured for salon, dental, or professional office use with extensive plumbing throughout, allowing for flexibility and easy conversion to a variety of uses including medical, office, or retail. The interior layout supports multiple workstations or private rooms. The property is approximately 70% occupied with week-to-week tenants, providing immediate income potential while allowing flexibility for owner-user or future tenant restructuring. The property features three bathrooms and approximately 22 parking spaces. It is located in an established commercial area with consistent traffic and surrounding businesses. The lot size is 0.35 acres. The property is suitable for owner-user or investment opportunity.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$378.8K
NOI $34,088 @ 9.00% cap · cautious / downside scenario
Moderate
$487.0K
NOI $34,088 @ 7.00% cap · market / base-case scenario
Aggressive
$681.8K
NOI $34,088 @ 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 Healthcare Medical
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.5k | $25.20 |
| − Vacancy | −$6.7k | −$2.65 |
| EGI | $56.8k | $22.55 |
| − OpEx | −$22.7k | −$9.02 |
| NOI | $34.1k | $13.53 |
2,519 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Use Scenarios
Best Use
Healthcare Medical
$487.0K
$426.1K – $568.1K
NOI $34,088 @ 7.0% cap · market cap 6.82%
Second Best
Retail
$387.2K
$338.8K – $451.8K
NOI $27,105 @ 7.0% cap · market cap 5.42%
Theoretical Best
Specialty Retail
$543.3K
$475.4K – $633.9K
NOI $38,033 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Places Nearby
- VIP Petcare Wellness Center — 5348 Dixie Hwy, Waterford Twp, MI 48329
Location Insight
- Map
- Local Demand
- City
- Waterford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3799442
- Latitude
- 42.686352
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - 2,500+ sq ft commercial building in high-traffic area.
Where is this medical office space located?
The property is located at 4680 Dixie Highway Waterford, MI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: High‑traffic location on Dixie Highway with **excellent visibility and multiple signage opportunities, including rooftop signage.**; Solid all‑brick, 2,500+ sq ft commercial building.; Flexible layout suitable for salon, dental, professional office, medical, office, or retail use with extensive plumbing.
