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    7754 Highland Rd Waterford, MI 48327

    For Sale
    $200,000

    High-traffic location, locksmith shop, land contract option.

    Property size:
    960 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This 960-square-foot industrial building in Waterford, Michigan, presents a unique investment opportunity. Situated on a 0.11-acre lot at the highly visible intersection of Williams Lake Road and M-59, this property boasts excellent visibility and accessibility. The building has served as a locksmith shop for the past 22 years, demonstrating its suitability for a variety of uses. The property features a fenced rear yard, providing secure outdoor space. Priced at $200,000, this property also offers a compelling land contract option. This alternative financing allows for a $25,000 down payment, with a 9% interest rate amortized over 20 years (5-year term). It's important to note that approval of the land contract is contingent upon the seller's review of the buyer's financial standing and credit history. This prime location on M-59, a major thoroughfare, ensures high traffic volume, making it ideal for businesses seeking strong visibility and convenient access for customers. The existing building provides a solid foundation for a variety of commercial ventures, offering immediate occupancy and the potential for customization to suit specific business needs. Don't miss this chance to acquire a well-located industrial property with flexible financing options.

    Property Features for 7754 Highland Rd

    General Information

    Property type
    Industrial properties
    Square Feet
    960 SF
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1919
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.43998
    Latitude
    42.66092

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    FAQs

    What type of property is this?
    Industrial property - High-traffic location, locksmith shop, land contract option.
    Where is this industrial property located?
    The property is located at 7754 Highland Rd Waterford, MI.
    What is the asking price?
    The asking price for this property is $200,000.
    (248) 644-7000
    Request Owner's contact information
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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
    7754 Highland Rd Waterford, MI 48327
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