Newly Renovated Commercial
1050 W Huron Street Waterford, MI 48328
1050 W Huron Street, Waterford, MI, 48328
$350,000
For Sale
$350,000
Newly renovated commercial building with open concept layout and finished basement, fronting Main Street in Waterford, MI.
Property Size2,000 SF
Lot Size0.50 Acres
Price / SF$175
Days on Market551
Property Features for 1050 W Huron Street
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Lot size
- 0.50 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1955
Listing agency
@properties Christie's Int'l R.E. Royal Oak
(248) 892-4311
Listed by
Holly Rachel
(248) 892-4311
Source
Homesforsaleinmich
Added: Jan 16, 2025 Updated: Jul 20 at 7:22PM Checked: Jul 20 at 7:22PM
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 @properties Christie's Int'l R.E. Royal Oak
Investment Insights
Based on property information with market context.
Newly renovated commercial building offering an open concept first-floor layout with professionally epoxied flooring. The first floor includes a reception area, kitchenette, and two half baths. A fully finished basement adds flexible space, with the lower level prepped for 1–2 additional bathrooms to support future needs.
The property sits on a spacious 0.5-acre lot with substantial street frontage on Main Street, with access to M-59 and major intersections near the crossroads of Telegraph Rd and Huron (M-59) in Waterford, MI. The building also features a newly installed roof with a 100-year warranty.
With a flexible configuration and a recently updated interior, this is a turn-key option for a range of commercial uses that require visible storefront presence and additional usable lower-level space.
The property sits on a spacious 0.5-acre lot with substantial street frontage on Main Street, with access to M-59 and major intersections near the crossroads of Telegraph Rd and Huron (M-59) in Waterford, MI. The building also features a newly installed roof with a 100-year warranty.
With a flexible configuration and a recently updated interior, this is a turn-key option for a range of commercial uses that require visible storefront presence and additional usable lower-level space.
Key Highlights
- Nearly 2,000 sq. ft. newly renovated commercial building in Waterford, MI with an open concept first‑floor layout.
- 0.5‑acre parcel on Main Street with substantial frontage and access to M‑59 near the Telegraph Rd and Huron (M‑59) crossroads.
- First floor includes reception area, kitchenette, and two half baths, plus professionally epoxied flooring.
Local Financial Insights For Retail
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 | $33.6k | $16.80 |
| − Vacancy | −$2.9k | −$1.43 |
| EGI | $30.7k | $15.37 |
| − OpEx | −$9.2k | −$4.61 |
| NOI | $21.5k | $10.76 |
2,000 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$307.4K
$269.0K – $358.7K
NOI $21,521 @ 7.0% cap · market cap 6.15%
Second Best
Office B
$98.4K
$86.1K – $114.8K
NOI $6,885 @ 7.0% cap · market cap 1.97%
Theoretical Best
Specialty Retail
$431.4K
$377.5K – $503.3K
NOI $30,197 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Newly renovated commercial building with open concept layout and finished basement, fronting Main Street in Waterford, MI.
Where is this office building located?
The property is located at 1050 W Huron Street Waterford, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Nearly 2,000 sq. ft. newly renovated commercial building in Waterford, MI with an open concept first‑floor layout.; 0.5‑acre parcel on Main Street with substantial frontage and access to M‑59 near the Telegraph Rd and Huron (M‑59) crossroads.; First floor includes reception area, kitchenette, and two half baths, plus professionally epoxied flooring.
