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Renovated Retail Building in Waterford
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3870 Elizabeth Lake Rd, Waterford, MI 48328

5,000 SF renovated retail building in a prime location.

Property Size5,000 SF
Days on Market668

Property Features for 3870 Elizabeth Lake Rd

General Information

Standard status Active
Size 5,000 SF
Property subtype Retail
Zoning BI

Building Details

Year Built 1971
Year Renovated 2021
Buildings 1
Stories 2
Tenancy Single
Listing Agency: Keystone Commercial Real Estate
Listed By: Kathleen Garmo · License #6501415998
Source: Crexi
Added: Nov 5, 2024 Changed: Sep 3 Last Checked: Aug 31 at 11:35AM

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 Keystone Commercial Real Estate

Investment Insights

Based on property information with market context.

Located at 3870 Elizabeth Lake Rd in Waterford, MI, this property offers a 5,000 SF building constructed in 1971 and renovated in 2021. The property is zoned BI and features a single unit. This property is located in the Waterford area, presenting a strategic opportunity for retail ventures.

Key Highlights

  • Prime location in the thriving Waterford area.
  • Impeccably renovated in 2021.
  • Versatile, single 5,000 SF unit.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Hair Salon Dental Office Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

347
Businesses Nearby
85k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 65% Dining 34% Electronics 1%
Speedway Shops & Services
23,344 visits/mo 0.3 miles
Dollar Tree Shops & Services
13,739 visits/mo 0.5 miles
Burger King Dining
13,097 visits/mo 0.4 miles
Tim Hortons Dining
11,321 visits/mo 0.4 miles
7-Eleven Shops & Services
7,387 visits/mo 0.4 miles

Demographics for 48328, MI

24,178
Population
11,938
Households
2
Avg Household Size
43
Median Age
27%
College-Educated
93%
High-School Grad
8.9 sq mi
ZIP Area
2,717
Density / Sq Mi
$69,788
Median Household Income
$42,084
Median Earnings
$1,041
Median Rent
$210,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - 5,000 SF renovated retail building in a prime location.
Where is this retail space located?
The property is located at 3870 Elizabeth Lake Rd Waterford, MI.
What are key features of this property?
This property features: Prime location in the thriving Waterford area.; Impeccably renovated in 2021.; Versatile, single 5,000 SF unit.
(248) 406-1761 Call to check price and availability
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