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    4301 Highland Rd Waterford, MI 48328

    Sponsored
    For Sale
    $950,000

    Prime Waterford location, high traffic.

    Property size:
    8,892 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 4301 Highland Road in Waterford, Michigan (zip code 48328), presents a unique investment opportunity. The 8,892 square foot building, constructed in 1988, sits on a 0.876-acre lot and boasts a prominent 122-foot frontage along Highland Road, a thoroughfare with over 38,000 vehicles passing daily. The property's strategic location directly across from a Meijer and adjacent to Gordon Food Service ensures high visibility and significant foot traffic. The building, formerly a Discount Tire, features four repair bays, ample parking for 24 vehicles, and a large pylon sign for maximum brand exposure. Currently zoned C-3, this versatile property offers a wide range of potential uses. The asking price is $950,000. This Class A property is an excellent opportunity for investors seeking a high-traffic, well-located commercial space in a thriving Michigan market. The building is single-story and includes Dollar Tree and Dunkin' as nearby tenants.

    Property Features for 4301 Highland Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    8,892 SF
    Class
    A
    Lot Size
    38,159 SF

    Building Details

    Year Built
    1988
    Buildings
    1

    HighLights

    • Former Discount Tire building available for sale or lease on Highland Road, east of Pontiac Lake Road.
    • High‑traffic location across from a Meijer and adjacent to a Gordon Food Service store.
    • 8,892 SF building on a 0.876‑acre lot, built in 1988.
    • Includes four repair bays, 24 parking spaces, and prominent pylon signage.
    • C‑3 zoning allows for diverse uses.
    • High visibility with over 38,000 vehicles daily on Highland Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.371231715179
    Latitude
    42.652987525013

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    FAQs

    What type of property is this?
    Automotive property - Prime Waterford location, high traffic.
    Where is this automotive property located?
    The property is located at 4301 Highland Rd Waterford, MI.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Former Discount Tire building available for sale or lease on Highland Road, east of Pontiac Lake Road.; High-traffic location across from a Meijer and adjacent to a Gordon Food Service store.; 8,892 SF building on a 0.876-acre lot, built in 1988.
    Request Owner's contact information
    4301 Highland Rd Waterford, MI 48328
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    Waterford, 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
    4301 Highland Rd Waterford, MI 48328
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