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Renovated Office Building
For Lease
$1,900/Mo

509 Elizabeth Lake Rd, Waterford, MI 48328

Updated interior and finished basement provide adaptable office or storage space.

Space SizeContact for details
Days on Market29

Property Features for 509 Elizabeth Lake Rd

General Information

Standard status Active

Space & Availability

Space Use Office
Condition Move-in Ready

Additional Details

Road Access Yes

Amenities

finished basement

Building Details

Year Built 1926
Listing Agency: National Realty Centers, Inc
Listed By: Sergio Taylor
Source: Premiermichiganhomesearch
Added: Aug 4 Changed: Aug 30 Last Checked: Aug 30 at 8:52PM

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.

This office building, constructed in 1926, is available for rent following interior updates. The property includes a finished basement that can support additional office functions or storage, giving the building useful flexibility for professional operations and other stated commercial uses such as a hair salon, law office, counseling center, medical practice, or small retail business.

The building fronts Elizabeth Lake Rd. in Waterford Township, west of Telegraph Road, and sits across from the former Summit Place Mall redevelopment site. Oakland Schools and the Oakland County Courthouse are each within one mile, placing the property near established institutional destinations and an area undergoing redevelopment.

Key Highlights

  • Finished basement for additional office or storage use
  • Interior updates completed before lease availability
  • Located at 509 Elizabeth Lake Rd, west of Telegraph Road

Property Analytics

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
NNN (Triple Net)
Lease Type

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

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 provide adaptable office or storage space.
Where is this office building located?
The property is located at 509 Elizabeth Lake Rd Waterford, MI.
What is the lease rate?
The lease rate is $1,900/Mo.
What are key features of this property?
This property features: Finished basement for additional office or storage use; Interior updates completed before lease availability; Located at 509 Elizabeth Lake Rd, west of Telegraph Road
More about this property
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