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    477 Elizabeth Lk Rd Waterford Township, MI 48328

    Sponsored
    For Lease
    $15 SF/Yr

    Three retail spaces, drive-thru potential.

    Lot size:
    7,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Waterford Township, Michigan retail property, located at 477 Elizabeth Lake Rd, zip code 48328, offers three available spaces ideal for various retail businesses. The spaces range in size from 600 square feet to 5,400 square feet, providing flexibility for different operational needs. A significant advantage is the potential for a drive-thru, a highly desirable feature for many retail concepts, enhancing convenience and customer accessibility. The property is classified as a strip center, offering excellent visibility and convenient access for customers. The building's total square footage is currently unlisted. This prime location in Waterford Township presents a unique opportunity for businesses seeking high-traffic exposure and a strategic position within a thriving community. The property's address is easily accessible from major roadways, ensuring convenient access for both employees and customers. Interested parties are encouraged to inquire about lease terms and specific space availability to determine the best fit for their business needs. The property is situated at latitude 42.64001693 and longitude -83.32672136. Further details regarding lease terms and conditions are available upon request.

    Property Features for 477 Elizabeth Lk Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,200 SF

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    1,200 SF
    Rate per SF
    $15
    Space
    Available Space 3
    Size
    600 SF
    Rate per SF
    $15
    Space
    Available Space 1
    Size
    5,400 SF
    Rate per SF
    $15
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    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
    -83.32672136
    Latitude
    42.64001693

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    FAQs

    What type of property is this?
    Neighborhood center - Three retail spaces, drive-thru potential.
    Where is this neighborhood center located?
    The property is located at 477 Elizabeth Lk Rd Waterford Township, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    Request Owner's contact information
    477 Elizabeth 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
    477 Elizabeth Lk Rd Waterford Township, MI 48328
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