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Versatile Commercial Space in Waterford
For Lease
$6,500/Mo
Pending

2523 ELIZABETH LAKE Rd, Waterford, MI 48328

13,000 sq. ft. space ideal for retail, warehouse, distribution.

Space SizeContact for details
Property Size13,000 SF
Lot Size3.62 Acres
Days on Market149

Property Features for 2523 ELIZABETH LAKE Rd

General Information

Standard status Pending
Size 13,000 SF
Lot size 3.62 Acres
Property subtype Commercial
Listing Agency:
Listed By: Daniel Parenti · License #6501379291
Source: Elliman
Added: Mar 11 Changed: Jul 6 Last Checked: Aug 6 at 5:55AM

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 Daniel Parenti

Investment Insights

Based on property information with market context.

This commercial space offers 13,000 sq. ft. of versatile space in a high-traffic area of Waterford, Michigan. The property is well-located, offering easy accessibility and excellent visibility. The functional layout is ideal for a variety of businesses, including retail, warehouse, distribution, or light industrial use. A loading dock facilitates efficient shipping and receiving. Ample parking is available for both staff and customers. The location provides convenient access to major roads and highways, ensuring strong customer exposure.

Key Highlights

  • High‑traffic location ensuring strong customer exposure
  • 13,000 sq. ft. of versatile commercial space**
  • Loading dock for efficient shipping and receiving

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service Bakery Electrical Service Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$0.90 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

344
Businesses Nearby
Under-served
Demand for This Use

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

Lease Benchmarks for Waterford, MI

$11.8 /SF/Yr
Avg Asking Price
$6–$14.67 /SF/Yr
Price Range
10,988 SF
Avg Space Size

This space is priced 49% below the average of $11.8 /SF/Yr.

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Unique Food Management 248 S Telegraph Rd, Pontiac, MI 48341
  • Riley's Catering 262 S Telegraph Rd, Pontiac, MI 48341

Frequently Asked Questions

What type of property is this?
Flex space - 13,000 sq. ft. space ideal for retail, warehouse, distribution.
Where is this flex space located?
The property is located at 2523 ELIZABETH LAKE Rd Waterford, MI.
What is the lease rate?
The lease rate is $6,500/Mo.
What are key features of this property?
This property features: High‑traffic location ensuring strong customer exposure; 13,000 sq. ft. of versatile commercial space**; Loading dock for efficient shipping and receiving
More about this property
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