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    5900 Highland Rd Waterford, MI 48327

    Sponsored
    For Sale
    $4,600,000

    COMMERCIAL - Waterford, MI

    Type:Retail
    Property size:
    49,434 SF
    Lot size:
    7.28 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 5900 Highland Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 1
    Bathrooms
    4
    APN
    13-16-352-020
    Parking
    1500
    Size
    49,434 SF
    Lot size
    7.28 Acres

    Utilities

    Heating system
    Radiant, Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1993
    Floors in Building
    1
    Number of units
    1
    Building materials
    Block, Brick, Metal Siding
    Roof type
    Rubber

    Lasco Real Estate Group (810) 433-9556

    Listing agent Jennifer Lasco (248) 840-6059

    Listing date Jan 5, 2026

    Copyright © 2026 Michigan Regional Information Center, LLC. 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 Commercial Building on Highland

    This commercial property, located in Waterford, MI, features a 49,434 square-foot building constructed in 1972 and fully renovated in 2023. Situated on approximately 7.5 acres of land, the property consists of two parcels, one 6.359 acres and the other 0.918 acres. The front portion of the building has been previously used as an automotive dealership sales area. It is suitable for businesses needing retail store frontage or client services, and includes private offices for management. The property is partially leased, with just under 20% of the space currently under lease through June 30, 2029. The owner may consider a NNN lease in place of a fee simple sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Automotive properties

    Suggested Use

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

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

    Similar Places Nearby

    Avis Car Rental, Enterprise Rent-A-Car, Car Rental Waterford, U-Haul Neighborhood Dealer, Hertz Car Rental - Maven By Midfield (private Flights Only)

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.404387
    Latitude
    42.661041

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    FAQs

    What type of property is this?
    Automotive property - 49,434 SF building on 7.5 acres, renovated in 2023.
    Where is this automotive property located?
    The property is located at 5900 Highland Rd Waterford, MI.
    What is the asking price?
    The asking price for this property is $4,600,000.
    What are key features of this property?
    This property features: - Fully renovated in 2023.; - **Large building space: 49,434 square feet.**; - Sits on just under 7.5 acres of land.
    (248) 840-6059
    Request Owner's contact information
    5900 Highland Rd Waterford, MI 48327
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    Waterford, MI 48327
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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
    5900 Highland Rd Waterford, MI 48327
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