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Freestanding Retail Building
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513 N Telegraph Rd, Waterford, MI 48328

Freestanding retail building on a large parcel with convenient ingress and egress along a high-traffic corridor.

Property Size6,500 SF
Lot Size3.38 Acres
Days on Market454

Property Features for 513 N Telegraph Rd

General Information

Standard status Active
Size 6,500 SF
Net Rentable 6,500 SF
Lot size 3.38 Acres
Property subtype RETAIL

Space & Availability

Available Space 6,500 SF
Contiguous Space 6,500 SF

Additional Details

Road Access Yes

Building Details

Building Size 6,500 SF
Listing Agency: Beanstalk Real Estate Solutions
Listed By: Paul DeBono · License #6506045729
Source: Moodyscre
Added: May 5, 2025 Changed: Jul 30 Last Checked: Jul 31 at 8:58AM

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 Beanstalk Real Estate Solutions

Investment Insights

Based on property information with market context.

This freestanding retail building offers a flexible platform for repurposing or redevelopment, with an existing 6,500-square-foot building on a 3.38-acre site. The landlord is open to build-to-suit arrangements tailored to tenant needs, which can support both adaptive reuse and ground-up concepts.

The property is positioned with high-visibility frontage along Telegraph Road in Waterford, Michigan. With convenient ingress and egress points and ample land for parking and outdoor features, the site is well suited for service-oriented uses, including restaurants and retail.

For tenants looking for a substantial parcel and the ability to shape improvements around their requirements, this site combines roadside exposure with practical access and redevelopment flexibility.

Key Highlights

  • 3.38‑acre site with flexible development opportunities
  • Existing 6,500‑square‑foot freestanding building for repurposing or redevelopment
  • High‑visibility frontage along Telegraph Road in Waterford, Michigan

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Law Firm Spa & Massage Center Kitchen & Bath Showroom

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

344
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

Lease Benchmarks for Waterford, MI

$14.21 /SF/Yr
Avg Asking Price
$6–$20 /SF/Yr
Price Range
3,185 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Freestanding retail building on a large parcel with convenient ingress and egress along a high-traffic corridor.
Where is this retail space located?
The property is located at 513 N Telegraph Rd Waterford, MI.
What are key features of this property?
This property features: 3.38‑acre site with flexible development opportunities; Existing 6,500‑square‑foot freestanding building for repurposing or redevelopment; High‑visibility frontage along Telegraph Road in Waterford, Michigan
(313) 446-8060 Call to check price and availability
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