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    5834 Highland Rd Waterford Township, MI 48327

    Sponsored
    For Lease
    $20 SF/Yr ($7,561 /Mo)

    Prime Restaurant Space, 1.43 Acres

    Lot size:
    4,537 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 4,537-square-foot restaurant space is ideally situated on a 1.43-acre lot at 5834 Highland Road in Waterford Township, Michigan. The property boasts a single-tenant occupancy, offering a unique opportunity for a restaurateur seeking a substantial footprint. Built in 1973, the building is a single-story structure with ample parking, accommodating 120 vehicles. The entire 4,537 square feet is currently vacant, presenting a blank canvas for a new culinary venture. The property is zoned C-2 (Commercial), allowing for a variety of commercial uses. Its location in Oakland County, with the address 5834 Highland Rd, Waterford Township, MI 48327, offers excellent visibility and accessibility. The property's parcel number (APN) is 13-16-352-032. This substantial lot size provides ample room for outdoor seating, landscaping, or potential expansion. The property presents a rare opportunity to establish a thriving restaurant business in a desirable location with significant parking capacity. The property's size and zoning make it suitable for a wide range of restaurant concepts. This is a turnkey opportunity for an ambitious restaurateur looking to establish a presence in a high-traffic area.

    Property Features for 5834 Highland Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,537 SF
    Total Rate
    7561.67

    Building Details

    Year Built
    1973
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    4,537 SF
    Rate per SF
    $20

    HighLights

    • 4,537 SF restaurant on a 1.43‑acre lot.
    • 150 feet of frontage on Highland Rd (M‑59).
    • C‑2 Commercial zoning; drive‑thru permitted with special approval.
    • High‑traffic location with 35,000+ cars daily.
    • Situated just east of Oakland County International 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?
    Restaurant - Prime Restaurant Space, 1.43 Acres
    Where is this restaurant located?
    The property is located at 5834 Highland Rd Waterford Township, MI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 4,537 SF restaurant on a 1.43-acre lot.; 150 feet of frontage on Highland Rd (M-59).; C-2 Commercial zoning; drive-thru permitted with special approval.
    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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