Versatile Retail Spaces
For Lease
$10 SF/Yr
359 Summit Drive, Waterford, MI 48328
Move-in ready retail spaces with flexible zoning and highway access.
Property Size106,252 SF
Days on Market311
Property Features for 359 Summit Drive
General Information
Standard status
Active
Size
106,252 SF
Property subtype
Retail
Listing Agency:
Signature Associates - Southfield
(248) 882-0506
Listed By:
Anatola Sesi · License #6501386692
(248) 882-0506
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Jul 6
Last Checked: Aug 1 at 5:13AM
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 Signature Associates - Southfield
Investment Insights
Based on property information with market context.
This property offers move-in ready opportunities, including a fully built-out former dialysis center, a spacious open plan former JoAnn Fabrics, and a large former grocery store box featuring an 18-foot clear ceiling height. Additional spaces are available to suit a range of needs. The property is zoned for retail, medical, services, fitness, and light industrial uses. It benefits from excellent accessibility near M-59 and Telegraph Road, with strong traffic counts and convenient highway connections. The property has a total size of 106,252 square feet.
Key Highlights
- Excellent accessibility near M‑59 and Telegraph Rd with strong traffic counts and convenient highway connections.
- Zoned for retail, medical, services, fitness, and light industrial.
- Move‑in ready opportunities available, including a fully built‑out former dialysis center, a spacious open plan former JoAnn Fabrics, and a large former grocery store.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
376
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Popeyes Louisiana Kitchen
Dining
9,817 visits/mo
0.4 miles
Red Lobster
Dining
4,405 visits/mo
0.5 miles
Kerby's Koney Island
Dining
1,340 visits/mo
0.4 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
$13.56 /SF/Yr
Avg Asking Price
$6–$20 /SF/Yr
Price Range
12,057 SF
Avg Space Size
This space is priced 26% below the average of $13.56 /SF/Yr.
Properties on Market for Retail properties & Spaces in Waterford
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Move-in ready retail spaces with flexible zoning and highway access.
Where is this retail property located?
The property is located at 359 Summit Drive Waterford, MI.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Excellent accessibility near M‑59 and Telegraph Rd with strong traffic counts and convenient highway connections.; Zoned for retail, medical, services, fitness, and light industrial.; Move‑in ready opportunities available, including a fully built‑out former dialysis center, a spacious open plan former JoAnn Fabrics, and a large former grocery store.
