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    3415 Elizabeth Lake Rd Waterford, MI 48328

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    For Lease
    $10 SF/Yr ($14,166 /Mo)

    17,000 SF retail space with equipment and ample parking.

    Property size:
    17,000 SF
    Lot size:
    2.88 Acres

    Property Features for 3415 Elizabeth Lake Rd

    General Information

    Size
    17,000 SF
    Lot size
    2.88 Acres

    Source: Thomas A. Duke Company Agent Joseph Evangelista

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

    Overview

    Former Grocery Store with Equipment

    This 17,000 square foot retail space, formerly a grocery store, is available for rent. The property includes all equipment necessary for operation, but is not limited to use as a grocery store. Equipment includes four walk-in freezers, a meat cutting station, and a serving station. The space also features updated parallel compressor racks. The property offers 100 parking spaces and prominent monument signage. The center has a strong mixture of tenants.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    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

    La Hacienda Supermarket

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3534648
    Latitude
    42.6386857

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    FAQs

    What type of property is this?
    Grocery and convenience store - 17,000 SF retail space with equipment and ample parking.
    Where is this grocery and convenience store located?
    The property is located at 3415 Elizabeth Lake Rd Waterford, MI.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Fully equipped former grocery store (17,000 SF) ready for immediate operation.; - Ample parking with 100 spaces.; - All equipment included (walk-in freezers, meat cutting station, serving station).
    (248) 479-0128
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    3415 Elizabeth Lake Rd 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
    3415 Elizabeth Lake Rd Waterford, MI 48328
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