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Office Building with Full Basement
New
For Sale
$175,000

3821 Elizabeth Lake Rd, Waterford, MI 48328

C-1 zoning permits professional offices, medical care, specialty retail, and other neighborhood business uses.

Property Size802 SF
Days on Market2

Property Features for 3821 Elizabeth Lake Rd

General Information

Standard status Active
Size 802 SF
Total Parking Spaces 6
Property subtype Commercial
Zoning C-1

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $2,075

Building Details

Building Size 802 SF
Year Built 1928
Buildings 1
Listing Agency:
Listed By: Timothy Winter
Source: Elliman
Added: Aug 21 Changed: Aug 22 Last Checked: Aug 22 at 6:51AM

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 Timothy Winter

Investment Insights

Based on property information with market context.

This office property, built in 1928, offers a compact arrangement for a professional business. The interior includes a lobby, reception area, three private offices, two bathrooms, and a separate eating area with a refrigerator and sink. One office includes its own bathroom. A full basement adds storage capacity for business materials and equipment.

The building fronts five-lane Elizabeth Lake Road in Waterford, within 1/2 mile of M-59. C-1 Neighborhood Business District zoning currently permits professional medical care offices, general office establishments, used book shops, drop-off dry-cleaning establishments, and special retail stores. On-site parking includes six spaces, one designated for handicap access, along with an entry ramp.

Key Highlights

  • 1928 office building with lobby, reception area, and three private offices
  • Full basement provides additional business storage
  • C‑1 Neighborhood Business District zoning

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm HVAC Service Bakery (Bike/Boat/Book/etc) Store

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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

306
Businesses Nearby

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

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - C-1 zoning permits professional offices, medical care, specialty retail, and other neighborhood business uses.
Where is this office building located?
The property is located at 3821 Elizabeth Lake Rd Waterford, MI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1928 office building with lobby, reception area, and three private offices; Full basement provides additional business storage; C‑1 Neighborhood Business District zoning
More about this property
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