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    950 Cass Lk Rd Waterford Township, MI 48328

    Sponsored
    For Sale
    $395,000

    2.6 Acres, Office Zoning, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.6-acre commercial land parcel presents a compelling investment opportunity in the thriving Waterford Township, Michigan. Located at the highly visible corner of North Cass Lake Road and Pontiac Lake Road, this property boasts a prime location with excellent visibility and accessibility. Currently zoned for office use, the property offers significant potential for a variety of commercial developments. The township demonstrates a willingness to consider rezoning applications for retail or multi-family uses, expanding the possibilities for this strategic site. The expansive lot size provides ample space for substantial construction projects, catering to a wide range of commercial ventures. With its strategic location and flexible zoning potential, this property is poised for significant growth and return on investment. The address is 950 N. Cass Lake Rd, Waterford Township, MI 48328, within Oakland County. This is a rare opportunity to acquire a large, well-situated parcel in a dynamic and growing area. The asking price is $395,000.

    Property Features for 950 Cass Lk Rd

    General Information

    Property type
    Land
    Lot Size
    113,256 SF

    HighLights

    • 2.6‑acre lot.
    • Office zoning, with potential for rezoning to retail or multi‑family.
    • High‑visibility corner lot at N. Cass Lake Rd. and Pontiac Lake Rd., Waterford Township, MI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterford Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.355277
    Latitude
    42.653165

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    FAQs

    What type of property is this?
    Land - 2.6 Acres, Office Zoning, High Potential
    Where is this land located?
    The property is located at 950 Cass Lk Rd Waterford Township, MI.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: 2.6-acre lot.; Office zoning, with potential for rezoning to retail or multi-family.; High-visibility corner lot at N. Cass Lake Rd. and Pontiac Lake Rd., Waterford Township, MI.
    Request Owner's contact information
    950 Cass Lk Rd Waterford Township, MI 48328
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    Waterford Township, MI 48328
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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
    950 Cass Lk Rd Waterford Township, MI 48328
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