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    5834 Highland Rd Waterford Township, MI 48327

    Sponsored
    For Sale
    $1,000,000

    1.43 Acres, High Traffic, C2 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.43-acre commercial land parcel presents a prime redevelopment opportunity in Waterford Township, Michigan. Located on heavily trafficked Highland Road (M-59), this property boasts over 150 feet of frontage, ensuring high visibility and accessibility for any commercial venture. The C2 - Commercial 2 zoning allows for a wide range of uses, including the possibility of a drive-thru establishment with special approval. With an impressive daily traffic count exceeding 35,000 vehicles, this location guarantees significant exposure to potential customers. The property includes ample parking with capacity for 120 vehicles, addressing the needs of a substantial customer base. The parcel's APN is 13-16-352-032. Its strategic location just east of Oakland County Airport further enhances its appeal and potential for growth. This is an exceptional opportunity to acquire a highly visible and well-situated commercial property in a thriving area. The asking price is $1,000,000.

    Property Features for 5834 Highland Rd

    General Information

    Property type
    Land
    Lot Size
    62,291 SF

    HighLights

    • Ideal for redevelopment.
    • 150+ feet of Highland Rd/M‑59 frontage.
    • C‑2 Commercial zoning; drive‑thru possible with special approval.
    • High‑traffic location: 35,000+ cars daily.
    • Excellent location, just east of Oakland County Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterford Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4026913
    Latitude
    42.6604505

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    FAQs

    What type of property is this?
    Land - 1.43 Acres, High Traffic, C2 Zoning
    Where is this land located?
    The property is located at 5834 Highland Rd Waterford Township, MI.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Ideal for redevelopment.; 150+ feet of Highland Rd/M-59 frontage.; C-2 Commercial zoning; drive-thru possible with special approval.
    (248) 476-3700
    Request Owner's contact information
    5834 Highland Rd Waterford Township, MI 48327
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    Waterford Township, MI 48327
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5834 Highland Rd Waterford Township, MI 48327
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