Versatile Commercial Building on Cooley
7570 Cooley Lake Rd Waterford, MI 48327
7570 Cooley Lake Rd, Waterford, MI, 48327
$1,300,000
For Sale
$1,300,000
Adaptable commercial asset in a thriving growth market.
Property Size12,000 SF
Lot Size1.00 Acre
Price / SF$108.33
Days on Market94
Property Features for 7570 Cooley Lake Rd
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 1.00 Acre
- Property subtype
- Commercial
Building Details
- Year Built
- 1972
Listing Agency
Berkshire Hathaway HomeServices Michigan Real Estate Grand Blanc
(810) 695-1990
Listed by
Julie Wyland · License #6501425953
(810) 695-1990
Source
Elliman
Added: Apr 15 Checked: Jul 17 at 4:59 am
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 Berkshire Hathaway HomeServices Michigan Real Estate Grand Blanc
Investment Insights
Based on property information with market context.
This commercial property offers a versatile opportunity along Cooley Lake Road in a rapidly expanding mixed-use area. Zoned C-3, the property supports a wide range of commercial uses. The large commercial building features a storefront presence, suitable for retail, showroom, or office use. The property provides over 12,000 square feet of retail and office space, customizable for various business operations. The rear of the building includes an expansive warehouse area with 16-18' clear ceiling height, suitable for storage, distribution, or light industrial use. A 16’ overhead garage door enhances loading and logistics. Ample on-site parking is available for employees, clients, and deliveries. The property benefits from excellent visibility and strong traffic counts. Located minutes from Oakland County International Airport, it offers convenient access to M-59 and I-75, providing regional connectivity. The property is situated on a 1+ acre site.
Key Highlights
- Prime C‑3 Zoned Commercial Property on Cooley Lake Rd
- High‑Visibility Location in a Rapidly Expanding Mixed‑Use Corridor
- Large Commercial Building with Over 12,000 sq ft of Retail and Office Space
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.2k | $7.35 |
| − Vacancy | −$3.3k | −$0.27 |
| EGI | $84.9k | $7.08 |
| − OpEx | −$12.7k | −$1.06 |
| NOI | $72.2k | $6.02 |
12,000 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Retail
$1.84M
$1.61M – $2.15M
NOI $129,125 @ 7.0% cap · market cap 9.93%
Second Best
Mixed Use
$1.74M
$1.52M – $2.03M
NOI $121,500 @ 7.0% cap · market cap 9.35%
Theoretical Best
Specialty Retail
$2.59M
$2.26M – $3.02M
NOI $181,181 @ 7.0% cap · market cap 13.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Adaptable commercial asset in a thriving growth market.
Where is this mixed-use property located?
The property is located at 7570 Cooley Lake Rd Waterford, MI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime C‑3 Zoned Commercial Property on Cooley Lake Rd; High‑Visibility Location in a Rapidly Expanding Mixed‑Use Corridor; Large Commercial Building with Over 12,000 sq ft of Retail and Office Space
