Renovated Office Units with Lower
New
For Sale
$320,000
1050 W HURON St, Waterford, MI 48328
Renovated office space includes an open plan, kitchenette, reception area, and finished lower level.
Property Size1,968 SF
Lot Size0.50 Acres
Days on Market5
Property Features for 1050 W HURON St
General Information
Standard status
Active
Size
1,968 SF
Lot size
0.50 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,638
Amenities
epoxied floors
kitchenette
reception area
two half baths
remodeled basement
new roof with 100-year warranty
Building Details
Building Size
1,968 SF
Year Built
1955
Buildings
1
Listing Agency:
KW Domain
(248) 590-0800
Listed By:
Todd Zahn
(248) 590-0800
Source:
Elliman
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 5 at 10:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Domain
Investment Insights
Based on property information with market context.
This renovated office property provides nearly 2,000 square feet of open commercial space across a flexible first-floor layout and finished lower level. Interior improvements include professionally installed epoxy flooring, a reception area, kitchenette, and two half baths on the main floor. The lower level adds usable office or storage space and is prepared for one to two additional bathrooms.
The building sits on a 0.5-acre parcel at 1050 W HURON St in Waterford, near Telegraph Rd and M-59. The site offers substantial frontage and exposure along a heavily traveled commercial corridor, with access to M-59 and nearby major intersections. A new roof carries a 100-year warranty, and the property was originally built in 1955.
The building sits on a 0.5-acre parcel at 1050 W HURON St in Waterford, near Telegraph Rd and M-59. The site offers substantial frontage and exposure along a heavily traveled commercial corridor, with access to M-59 and nearby major intersections. A new roof carries a 100-year warranty, and the property was originally built in 1955.
Key Highlights
- Nearly 2,000 square feet of open commercial space
- Finished lower level with preparation for 1‑2 additional bathrooms
- 0.5‑acre parcel with substantial frontage
Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.1k | $16.80 |
| − Vacancy | −$2.8k | −$1.43 |
| EGI | $30.3k | $15.37 |
| − OpEx | −$9.1k | −$4.61 |
| NOI | $21.2k | $10.76 |
1,968 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$302.5K
$264.7K – $352.9K
NOI $21,176 @ 7.0% cap · market cap 6.62%
Second Best
Office B
$96.8K
$84.7K – $112.9K
NOI $6,775 @ 7.0% cap · market cap 2.12%
Theoretical Best
Specialty Retail
$424.5K
$371.4K – $495.2K
NOI $29,714 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Explore this area
Business Placement
Demographics for 48328, MI
24,178
Population
11,938
Households
2
Avg Household Size
43
Median Age
27%
College-Educated
93%
High-School Grad
8.9 sq mi
ZIP Area
2,717
Density / Sq Mi
$69,788
Median Household Income
$42,084
Median Earnings
$1,041
Median Rent
$210,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Renovated office space includes an open plan, kitchenette, reception area, and finished lower level.
Where is this office units located?
The property is located at 1050 W HURON St Waterford, MI.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Nearly 2,000 square feet of open commercial space; Finished lower level with preparation for 1‑2 additional bathrooms; 0.5‑acre parcel with substantial frontage
