Renovated Flex Space with
2580 Dixie Highway, Waterford, MI 48328
For Sale
$549,900
Commercial Sale, Waterford, MI
Property Size2,815 SF
Lot Size0.09 Acres
Price / SF$195.35
Days on Market737
Property Features for 2580 Dixie Highway
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Parking
Interior features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Amenities
pylon signage
garage showplace
full bathroom with shower and bidet
pinball machines
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
Seller Nation
(248) 354-1400
Listed By:
Ronald Jasgur · License MI #6502139541
(248) 789-8501
Added: Nov 4, 2024
Changed: Oct 8
Last Checked: Nov 10 at 12:06PM
MLS# 24057710
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,815-square-foot flex property at 2580 Dixie Highway combines a garage showplace with private office and meeting space. The building includes a full bathroom with shower and bidet, broadband access, forced-air heating, and central air conditioning. Block construction, a composition roof, and a 1928 build date are part of the property profile. The space has undergone a complete renovation, with equipment, décor, fixtures, and pinball machines included; cars are excluded.
Pylon signage is positioned along Dixie Highway. The property sits in Waterford, Michigan, between Waterford Hills Raceway and M-1 Concourse. The 0.09-acre site is served by cable availability and includes a configuration suited to office and service-oriented commercial use.
Pylon signage is positioned along Dixie Highway. The property sits in Waterford, Michigan, between Waterford Hills Raceway and M-1 Concourse. The 0.09-acre site is served by cable availability and includes a configuration suited to office and service-oriented commercial use.
Key Highlights
- 2,815 SF flex property on a 0.09‑acre site
- Complete renovation down to the block structure
- Garage showplace with private office and meeting space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,291
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,820
$605.8K
Cap Rate 7%
$432,729
$432.7K
Cap Rate 9%
$336,567
$336.6K
Market Conditions
NOI Build-Up for 2,815 SF
Gross rent
$47.3K $16.80/SF
− Vacancy
−$4.0K −$1.43/SF
EGI
$43.3K $15.37/SF
− OpEx
−$13.0K −$4.61/SF
NOI
$30.3K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,820
Cap Rate 7%
$432,729
Cap Rate 9%
$336,567
Alternative Uses
Best Use
Retail
$432.7K
$378.6K – $504.9K
NOI $30,291 @ 7.0% cap · market cap 5.51%
Second Best
Flex RnD
$415.9K
$363.9K – $485.3K
NOI $29,115 @ 7.0% cap · market cap 5.29%
Theoretical Best
Specialty Retail
$607.2K
$531.3K – $708.4K
NOI $42,502 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
$210,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Oakland County, MI
Properties on Market for Flex space in Oakland County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Renovated commercial space combines a garage showplace with private office and meeting areas, full bathroom, and pylon signage.
Where is this flex space located?
The property is located at 2580 Dixie Highway Waterford, MI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 2,815 SF flex property on a 0.09‑acre site; Complete renovation down to the block structure; Garage showplace with private office and meeting space
