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    509 Elizabeth Lake Rd Waterford, MI 48328

    Sponsored
    For Sale
    $218,000

    Real Estate Only - Waterford, MI

    Property size:
    2,010 SF
    Lot size:
    0.12 Acres
    Days on Market:
    20
    Last Refresh:
    Jan 7 at 3:06 pm

    Property Features for 509 Elizabeth Lake Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial,Office
    APN
    1325429021
    Size
    2,010 SF
    Lot size
    0.12 Acres

    Building Details

    Year built
    1926
    Year renovated
    2025
    Floors in Building
    2
    Architectural style
    Other

    Keller Williams Professionals (734) 459-4700

    Listing agent Sergio Taylor (734) 459-4700

    Listing date Dec 19, 2025

    MLS# 20251060339 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.

    Overview

    Renovated Office Building on Elizabeth Lake

    This completely renovated commercial office building is located on Elizabeth Lake Road, west of Telegraph, and across from the former Summit Place Mall redevelopment area. The property is suited for professional and service-based uses such as law offices, counseling or therapy practices, medical or insurance offices, salons, small retail, and professional services. The building, with a size of 2010 square feet, includes multiple private offices across three levels, allowing for owner-occupancy or multi-tenant use. Features include a main-floor lobby, office/kitchen area, one full and two half bathrooms. The property is located within one mile of Oakland Schools, the Oakland County Courthouse, and numerous restaurants and amenities. The lot size is 0.12 acres. Continued redevelopment in the area adds long-term value for both users and investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3279817
    Latitude
    42.6396394

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    FAQs

    What type of property is this?
    Office building - Completely renovated office building suitable for various professional uses.
    Where is this office building located?
    The property is located at 509 Elizabeth Lake Rd Waterford, MI.
    What is the asking price?
    The asking price for this property is $218,000.
    What are key features of this property?
    This property features: - High-traffic location on Elizabeth Lake Road with strong visibility and accessibility.; - Completely renovated commercial office building suitable for owner-occupancy or multi-tenant use.; - Versatile space ideal for professional and service-based businesses (law, medical, retail, etc.).
    (734) 459-4700
    Request Owner's contact information
    509 Elizabeth Lake Rd Waterford, MI 48328
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    Waterford, MI 48328
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    509 Elizabeth Lake Rd Waterford, MI 48328
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