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    3273 W Huron St Waterford, MI 48328

    For Lease
    $25,000

    Former Rite Aid available for ground lease or sale.

    Lot size:
    4.00 Acres

    Property Features for 3273 W Huron St

    General Information

    Lot size
    4.00 Acres

    Building Details

    Year built
    2007

    Source: Forward Commercial Group Agent Emil Cherkasov

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

    Overview

    Retail Space on Corner Lot

    This property, formerly a Rite Aid, is available for ground lease or sale. Situated on 4 acres at the hard corner of W. Huron St (M-59) and Elizabeth Lake Rd, the parcel offers potential for various uses. The property is ideal for retail or a car wash, among other possibilities. The ground lease is offered at $25,000 per month, NNN.
    Insight Report Location Intelligence

    Current Use by Public Records

    Drug 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

    Rite Aid, Lakeview Pharmacy, Llc, Tasneem Sarwar, RPH, Rite Aid Pharmacy, Tori Cares

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3520665
    Latitude
    42.6384415

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    FAQs

    What type of property is this?
    Drug store - Former Rite Aid available for ground lease or sale.
    Where is this drug store located?
    The property is located at 3273 W Huron St Waterford, MI.
    What are key features of this property?
    This property features: - Hard corner location at W. Huron St (M-59) & Elizabeth Lake Rd.; - 4-acre parcel available for ground lease.; - Former Rite Aid location.
    (248) 662-5066
    Request Owner's contact information
    3273 W Huron St 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
    3273 W Huron St Waterford, MI 48328
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