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    7559-7561Highland Rd Waterford Township, MI 48327

    Sponsored
    For Sale
    $420,000

    Prime Medical Office Building, Waterford Twp, MI

    Property size:
    2,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,300 square-foot medical office building presents a compelling investment opportunity in Waterford Township, Michigan. Situated on a 0.41-acre lot at 7559-7561 Highland Road, this single-story, Class C building boasts a convenient location along the highly trafficked M-59 (Highland Road). Built in 1960, the property features ample parking with 12 spaces, ensuring easy access for patients and staff. The building is zoned B-1, offering flexibility for various medical uses. Its strategic location offers excellent visibility and proximity to Oakland International Airport, just one mile away. The surrounding area is vibrant, with numerous restaurants, retail establishments, and marinas, providing convenience and attracting a strong patient base. The asking price is $420,000, translating to $182.61 per square foot. This freestanding building presents a rare opportunity to acquire a well-located medical office property in a thriving community. The property's APN is 13-18-451-004. This is a single-tenancy building.

    Property Features for 0 7559-7561Highland Rd

    General Information

    Property type
    Medical offices
    Square Feet
    2,300 SF
    Class
    C
    Lot Size
    17,860 SF

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    1

    HighLights

    • 2,300 square foot freestanding medical office building in Waterford Township, MI.
    • 12 parking spaces.
    • Located on highly trafficked M‑59 (Highland Road).
    • Built in 1960.
    • One mile from Oakland International Airport, with nearby restaurants, retail, and marinas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Waterford Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4109834
    Latitude
    42.645278

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Building, Waterford Twp, MI
    Where is this medical office located?
    The property is located at 7559-7561Highland Rd Waterford Township, MI.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: 2,300 square foot freestanding medical office building in Waterford Township, MI.; 12 parking spaces.; Located on highly trafficked M-59 (Highland Road).
    Request Owner's contact information
    7559-7561Highland Rd 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
    7559-7561Highland Rd Waterford Township, MI 48327
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