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Wide Open Retail Space
For Lease
$1,000/Mo

7631 Highland Rd, Waterford, MI 48327

1,200 SF wide open retail space for lease with large rear parking on busy M-59.

Space SizeContact for details
Property Size1,200 SF
Days on Market23

Property Features for 7631 Highland Rd

General Information

Standard status Active
Size 1,200 SF
Property subtype Commercial

Building Details

Building Size 1,200 SF
Listing Agency: Wilhelm & Associates
Listed By: Angela Morales · License #6501196948
Source: Elliman
Added: Jul 21 Changed: Aug 10 Last Checked: Aug 12 at 7:18AM

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 Wilhelm & Associates

Investment Insights

Based on property information with market context.

Available for lease is a 1,200 SF storefront retail space built as a wide open interior, suitable for tenants needing flexible floor layout. The property includes large parking in the rear for customer convenience.

The space is positioned along busy M-59, supporting easy drive access and strong visibility. Walk and bike scores provided with the listing indicate the area is more car-dependent, with moderate bicycle and walking accessibility.

This is a straightforward retail option with an open plan and on-site rear parking, designed for straightforward merchandising or service use within the defined storefront footprint.

Key Highlights

  • 1,200 SF wide open retail space for lease
  • Located on busy M‑59
  • Large rear parking included

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Law Firm Building Supply Hair Salon Parking Lot & Garage Restaurant

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
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

406
Businesses Nearby
85k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 49% Shops & Services 46% Electronics 3% Beauty & Spa 1%
Speedway Shops & Services
25,009 visits/mo 0.3 miles
McDonald's Dining
23,896 visits/mo 0.4 miles
Arby's Dining
7,203 visits/mo 0.4 miles
Firehouse Subs Dining
4,124 visits/mo 0.5 miles
BIGGBY COFFEE Dining
4,108 visits/mo 0.2 miles

Demographics for 48327, MI

21,811
Population
9,864
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
94%
High-School Grad
11.3 sq mi
ZIP Area
1,930
Density / Sq Mi
$75,512
Median Household Income
$46,259
Median Earnings
$1,058
Median Rent
$241,600
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

This space is priced 29% below the average of $14.15 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Storefront property - 1,200 SF wide open retail space for lease with large rear parking on busy M-59.
Where is this storefront property located?
The property is located at 7631 Highland Rd Waterford, MI.
What is the lease rate?
The lease rate is $1,000/Mo.
What are key features of this property?
This property features: 1,200 SF wide open retail space for lease; Located on busy M‑59; Large rear parking included
More about this property
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