Move-In Ready Office
For Lease
$1,900/Mo
509 Elizabeth Lake Road, Waterford, MI 48328
Just renovated office building with updated interior and finished basement for flexible workspace or storage.
Days on Market58
Property Features for 509 Elizabeth Lake Road
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1926
Listing Agency:
National Realty Centers, Inc
(248) 724-1234
Listed By:
Sergio Taylor
(248) 724-1234
Source:
Elliman
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 30 at 9:00AM
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 just-renovated commercial office building offers an updated interior designed for immediate occupancy. The layout also includes a finished basement, providing additional space that can serve as office use or storage depending on the tenant’s needs. The building is presented as move-in ready for professional services and small-format businesses.
The property is located on busy Elizabeth Lake Rd., just west of Telegraph, directly across from the former Summit Place Mall redevelopment site. The setting provides strong street-level exposure on a heavily traveled corridor. It is also conveniently located within one mile of Oakland Schools and the Oakland County Courthouse.
With its renovated interior, flexible finished basement, and visibility along Elizabeth Lake Rd., the building is a practical fit for a range of professional and service uses. The space is described as suitable for small retail, hair salon, law office, counseling center, medical, or other professional use. For businesses looking for a ready-to-operate location in an active redevelopment area, this building offers a straightforward option with room to expand within the existing footprint.
The property is located on busy Elizabeth Lake Rd., just west of Telegraph, directly across from the former Summit Place Mall redevelopment site. The setting provides strong street-level exposure on a heavily traveled corridor. It is also conveniently located within one mile of Oakland Schools and the Oakland County Courthouse.
With its renovated interior, flexible finished basement, and visibility along Elizabeth Lake Rd., the building is a practical fit for a range of professional and service uses. The space is described as suitable for small retail, hair salon, law office, counseling center, medical, or other professional use. For businesses looking for a ready-to-operate location in an active redevelopment area, this building offers a straightforward option with room to expand within the existing footprint.
Key Highlights
- 1926‑built commercial office building, just renovated with updated interior
- Located on busy Elizabeth Lake Rd. (just west of Telegraph), directly across from the former Summit Place Mall redevelopment site
- Finished basement provides additional office or storage space
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Explore this area
Business Placement
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
Lease Benchmarks for Waterford, MI
$18.23 /SF/Yr
Avg Asking Price
$2.86–$54.55 /SF/Yr
Price Range
7,756 SF
Avg Space Size
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Just renovated office building with updated interior and finished basement for flexible workspace or storage.
Where is this office units 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: 1926‑built commercial office building, just renovated with updated interior; Located on busy Elizabeth Lake Rd. (just west of Telegraph), directly across from the former Summit Place Mall redevelopment site; Finished basement provides additional office or storage space
