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Endcap Retail/Office Suite
For Lease
$1,350/Mo

2701 Elizabeth Lake Suite 500, Waterford, MI 48328

Renovated end unit with two entrances, ramp access, and private lavatory for flexible retail or service use.

Space SizeContact for details
Property Size1,006 SF
Days on Market68

Property Features for 2701 Elizabeth Lake Suite 500

General Information

Standard status Active
Size 1,006 SF
Property subtype Commercial

Building Details

Building Size 1,006 SF
Year Built 1920
Units 4
Tenancy Multi
Listing Agency: Keller Williams Premier
Listed By: Jamie Scheett
Source: Elliman
Added: Jun 3 Changed: Aug 8 Last Checked: Jul 21 at 5:12AM

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 Premier

Investment Insights

Based on property information with market context.

This renovated commercial building offers four available suites, including Unit 500, an end unit with two entrances. The space includes a wide-open layout designed to accommodate a range of professional, service, or retail functions. Unit 500 also features ramp access, making the entry flow practical for customers and staff. Additional in-suite amenities include a private lavatory, a separate hot water tank, individual heating controls, and 220 electrical service. New flooring is installed throughout the suite.

The property is located on Elizabeth Lake Road, between Telegraph and Voorhies, with visibility supported by reported thousands of cars passing daily. It is described as being minutes from regional destinations including Downtown Pontiac, M-59, M1 Concourse, Orchard Lake, and West Bloomfield. Parking is available both in front of and behind the building, supporting convenient customer access.

For tenants seeking a flexible, accessible ground-floor option, Unit 500’s open plan, double-door entry, and ramp access provide a straightforward setup for a showroom, service business, or retail operation. With individual heating controls and dedicated electrical service, the suite is positioned for day-to-day operational control. The available on-site parking and the building’s high-visibility location are practical considerations for customer-facing uses.

Key Highlights

  • Renovated commercial building on Elizabeth Lake Road with four available suites
  • Unit 200: 672 SF with private lavatory, separate hot water tank, individual heating controls, and 220 electrical service
  • Unit 300: 1,084 SF with private lavatory, separate hot water tank, individual heating controls, and 220 electrical service

Property Analytics

Current Use

Storefront properties

Suggested Use

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

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

404
Businesses Nearby
55k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 84% Shops & Services 16%
McDonald's Dining
28,230 visits/mo 0.5 miles
Wendy's Dining
8,338 visits/mo 0.5 miles
Buscemi's Dining
4,860 visits/mo 0.4 miles
Applebee's Dining
4,616 visits/mo 0.2 miles
Dollar General Shops & Services
3,606 visits/mo 0.3 miles

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

$14.15 /SF/Yr
Avg Asking Price
$10–$17 /SF/Yr
Price Range
1,257 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Renovated end unit with two entrances, ramp access, and private lavatory for flexible retail or service use.
Where is this storefront property located?
The property is located at 2701 Elizabeth Lake Suite 500 Waterford, MI.
What is the lease rate?
The lease rate is $1,350/Mo.
What are key features of this property?
This property features: Renovated commercial building on Elizabeth Lake Road with four available suites; Unit 200: 672 SF with private lavatory, separate hot water tank, individual heating controls, and 220 electrical service; Unit 300: 1,084 SF with private lavatory, separate hot water tank, individual heating controls, and 220 electrical service
More about this property
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