Commercial Building on Dixie Highway

4680 Dixie Hwy Waterford, MI 48329

Claim this Listing
For Sale
$435,000

2,500 SF commercial building on high-traffic Dixie Highway.

Type:Commercial
Property size:
2,500 SF
Lot size:
0.35 Acres
Price / SF:
$174/SF
Added:
Mar 26, 2026
Days on Market:
107
Last Refresh:
Jul 4 at 12:19 pm

Property Features for 4680 Dixie Hwy

General Information

Standard status
Active
Size
2,500 SF
Lot size
0.35 Acres
Property subtype
Commercial

Building Details

Year Built
1961

Listing office Keller Williams Professionals

Listing date Mar 26, 2026

Source Elliman

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 Keller Williams Professionals


Investment Insights

Based on property information with market context.

This 2,500 square foot commercial building is located on Dixie Highway in Oakland County. The solid, all-brick structure offers a flexible layout with the potential for up to 10 salon or service booths. Previously operated as a dental office and beauty salon, the property features extensive plumbing throughout, making it suitable for conversion to salon suites, medical, dental, veterinary, professional office, or retail use. The building offers visibility with signage on two facades, plus rooftop signage. There are three restrooms and 22 on-site parking spaces. The property has strong road frontage in an established commercial corridor. It is suitable for either an owner-user or as an investment opportunity.

Key Highlights

  • High‑traffic location on Dixie Highway in Oakland County.
  • Flexible 2,500 sq ft all‑brick building suitable for various uses.
  • Extensive plumbing throughout, ideal for salon suites, medical or dental conversion.

Local Financial Insights For Healthcare Medical

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 $63.0k $25.20
− Vacancy −$6.6k −$2.65
EGI $56.4k $22.55
− OpEx −$22.6k −$9.02
NOI $33.8k $13.53
2,500 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%

Alternative Uses

Best Use
Healthcare Medical
$483.3K
$422.9K – $563.9K (±1% cap)
NOI $33,831 @ 7.0% cap · market cap 7.78%
Second Best
Retail
$384.3K
$336.3K – $448.4K (±1% cap)
NOI $26,901 @ 7.0% cap · market cap 6.18%
Theoretical Best
Specialty Retail
$539.2K
$471.8K – $629.1K (±1% cap)
NOI $37,746 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

Real Estate Agency Law Firm Skin Care Clinic Carpet & Flooring Store (Bike/Boat/Book/etc) Store Daycare Center Garden Center Catering Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • VIP Petcare Wellness Center — 5348 Dixie Hwy, Waterford Twp, MI 48329

FAQs

What type of property is this?
Medical Office Space - 2,500 SF commercial building on high-traffic Dixie Highway.
Where is this medical office space located?
The property is located at 4680 Dixie Hwy Waterford, MI.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: High‑traffic location on Dixie Highway in Oakland County.; Flexible 2,500 sq ft all‑brick building suitable for various uses.; Extensive plumbing throughout, ideal for salon suites, medical or dental conversion.
Contact an agent
More about this property
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