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    225-279 Summit Dr Waterford, MI 48328

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    For Lease
    $14 SF/Yr

    Retail spaces available in Summit Mall Development District.

    Property size:
    25,454 SF
    Lot size:
    11.45 Acres

    Property Features for 225-279 Summit Dr

    General Information

    Size
    25,454 SF
    Lot size
    11.45 Acres

    Source: Beanstalk Real Estate Solutions Agent Paul DeBono

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Summit Mall Retail Space Available

    Located in the Summit Mall Development District, this property offers a combined retail space of 195,734 square feet across two distinct centers. The location provides easy access to M-59 and Telegraph Road. Available spaces range from 1,071 square feet to 58,368 square feet, accommodating various business needs. A former grocery store space features minimum 17.5-foot clear ceilings, suitable for large-scale users. Surface parking is conveniently available across both centers. Lease rates start at $14.00 per square foot (Triple Net). The property is adjacent to Oakside Prep Academy, ensuring steady foot traffic. The well-maintained buildings offer flexible layouts to accommodate diverse tenant requirements. Over 121,000 square feet of leasable space is ready for immediate occupancy.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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

    Oakland Pointe Shopping Center, Summit West

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.332628
    Latitude
    42.648764

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    FAQs

    What type of property is this?
    Shopping center - Retail spaces available in Summit Mall Development District.
    Where is this shopping center located?
    The property is located at 225-279 Summit Dr Waterford, MI.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Prime Location: Centrally located in the Summit Mall Development District, with easy access to M-59 and Telegraph Road.; - High-Capacity Space: Former grocery store with minimum 17.5-foot clear ceilings, suitable for large-scale users.; - Immediate Availability: Over 121,000 square feet of leasable space ready for occupancy.
    (313) 446-8060
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    225-279 Summit Dr 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
    225-279 Summit Dr Waterford, MI 48328
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