Retail Strip Center with Tenant
For Sale
$1,010,000
4140 Elizabeth Lake Rd, Waterford, MI 48328
Fully occupied three-tenant strip center with separate tenant basements and month-to-month leases.
Property Size9,600 SF
Price / SF$105.21
Days on Market1700
Property Features for 4140 Elizabeth Lake Rd
General Information
Standard status
Active
Size
9,600 SF
Property subtype
Retail
Zoning
C-3
Building Details
Building Size
9,600 SF
Buildings
1
Stories
1
Listing Agency:
Thomas A. Duke Company
Listed By:
Joseph Evangelista
(248) 479-0128
Source:
Cpix.resimplifi
Added: Feb 26, 2022
Changed: Oct 1
Last Checked: Oct 20 at 5:19PM
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 Thomas A. Duke Company
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Investment Insights
Based on property information with market context.
The property is a 9,600 SF retail strip center that is fully occupied by three tenants. The center includes four separate tenant basements (approximately 4,800 SF) in addition to the main retail space.
Tenant arrangements are month-to-month, which may provide flexibility for a new owner regarding lease structure and extensions. The tenant mix includes a coin laundry with a lease agreement, along with cosmetology and yoga tenants operating on month-to-month terms. The tenants are described as being open to potential lease agreements or extensions.
The remarks cite an outstanding location within a dense residential area, with 23,300+ cars per day referenced in the property information.
Tenant arrangements are month-to-month, which may provide flexibility for a new owner regarding lease structure and extensions. The tenant mix includes a coin laundry with a lease agreement, along with cosmetology and yoga tenants operating on month-to-month terms. The tenants are described as being open to potential lease agreements or extensions.
The remarks cite an outstanding location within a dense residential area, with 23,300+ cars per day referenced in the property information.
Key Highlights
- 9,600 SF retail strip center fully occupied by 3 tenants
- Includes 4 separate tenant basements totaling approximately 4,800 SF
- Tenants are month‑to‑month, giving potential flexibility to structure new leases
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Dining 10%
BP
Shops & Services
6,693 visits/mo
0.2 miles
Domino's Pizza
Dining
784 visits/mo
0.3 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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied three-tenant strip center with separate tenant basements and month-to-month leases.
Where is this strip mall located?
The property is located at 4140 Elizabeth Lake Rd Waterford, MI.
What is the asking price?
The asking price for this property is $1,010,000.
What are key features of this property?
This property features: 9,600 SF retail strip center fully occupied by 3 tenants; Includes 4 separate tenant basements totaling approximately 4,800 SF; Tenants are month‑to‑month, giving potential flexibility to structure new leases
