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Renovated Office Building with Finished Basement
For Lease
$1,900/Mo

509 Elizabeth Lake Road, Waterford, MI 48328

Commercial zoning and adaptable interior space support office and professional occupancy.

Space SizeContact for details
Property Size2,010 SF
Days on Market162

Property Features for 509 Elizabeth Lake Road

General Information

Standard status Active
Size 2,010 SF
Zoning Commercial, Office

Space & Availability

Space Use Office
Condition Move-in Ready
Available From Immediate

Additional Details

Road Access Yes

Building Details

Building Size 2,010 SF
Year Built 1926
Listing Agency: National Realty Centers, Inc
Listed By: Sergio Taylor · License #6501423260
Source: Carterassociatesrealty
Added: May 27 Changed: Nov 3 Last Checked: Nov 3 at 2:29PM

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

Rey
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Investment Insights

Based on property information with market context.

This 2,010-square-foot office building in Waterford Charter Township has an updated interior and a finished basement that can accommodate additional office or storage space. Built in 1926, the property is zoned for commercial and office use.

The building is on Elizabeth Lake Road, west of Telegraph Road and across from the former Summit Place Mall redevelopment site. Oakland Schools and the Oakland County Courthouse are each within one mile.

Key Highlights

  • 2,010 square feet of office space
  • Finished basement provides additional office or storage area
  • Commercial and office zoning

Property Analytics

Who owns this building? See the owner, sales and loan history
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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
NNN (Triple Net)
Lease Type
$1.70 /SF/Yr
CAM

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

Frequently Asked Questions

What type of property is this?
Office building - Commercial zoning and adaptable interior space support office and professional occupancy.
Where is this office building located?
The property is located at 509 Elizabeth Lake Road Waterford, MI.
What is the lease rate?
The lease rate is $1,900/Mo.
What are key features of this property?
This property features: 2,010 square feet of office space; Finished basement provides additional office or storage area; Commercial and office zoning
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