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Renovated Office Building
For Sale
$212,000

509 Elizabeth Lake Road, Waterford, MI 48328

Updated interior and finished basement support office, retail, or professional use.

Property SizeContact for details
Days on Market12

Property Features for 509 Elizabeth Lake Road

General Information

Standard status Active

Additional Details

Road Access Yes

Amenities

finished basement

Building Details

Buildings 1
Listing Agency: National Realty Centers, Inc
Listed By: Sergio Taylor
Source: Jimdehaan
Added: Sep 9 Changed: Sep 19 Last Checked: Sep 19 at 9:14AM

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 National Realty Centers, Inc

Investment Insights

Based on property information with market context.

Located at 509 Elizabeth Lake Road, this renovated commercial office building offers an updated interior and a finished basement that can accommodate additional office or storage space. The property supports a range of potential uses identified for the site, including small retail, hair salon, law office, counseling center, medical, and other professional applications.

The building sits on Elizabeth Lake Road west of Telegraph and across from the former Summit Place Mall redevelopment site. Oakland Schools and the Oakland County Courthouse are within one mile, while the surrounding corridor is described as an active redevelopment area with high traffic and strong property visibility.

Key Highlights

  • Renovated commercial office building at 509 Elizabeth Lake Road
  • Updated interior with finished basement
  • Basement provides additional office or storage space

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Big Box & Wholesale Store HVAC Service Spa & Massage Center

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

618
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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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Frequently Asked Questions

What type of property is this?
Office building - Updated interior and finished basement support office, retail, or professional use.
Where is this office building located?
The property is located at 509 Elizabeth Lake Road Waterford, MI.
What is the asking price?
The asking price for this property is $212,000.
What are key features of this property?
This property features: Renovated commercial office building at 509 Elizabeth Lake Road; Updated interior with finished basement; Basement provides additional office or storage space
More about this property
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