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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2211-2215 Elizabeth Lake Rd Waterford Township, MI 48328

7,301 SF 0.66 ac lot
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents the Waterford Plaza, a two-unit retail property situated on a 0.66-acre lot at 2211-2215 Elizabeth Lake Rd, Waterford Township, MI 48328. The property boasts a total of 7,301 square feet of commercial space, currently configured as retail, and is priced at $555,000, translating to $76.02 per square foot. The property is zoned C-3, allowing for a variety of commercial uses. Ample parking is available with 27 spaces provided on-site. This location benefits from strong demographics, with over 107,000 residents within a 5-mile radius boasting an average annual household income exceeding $85,000. The Waterford Plaza is strategically positioned in a high-density retail area, surrounded by established national retailers including Big Lots, Harbor Freight Tools, and Dollar Tree, ensuring high visibility and foot traffic. This property is ideal for owner-occupants seeking a prime retail location or investors looking for a value-add opportunity in a thriving market. The property's size, location, and existing tenant base make it an attractive investment prospect with significant potential for future growth and return. Serious inquiries are encouraged.

Property profile
Verified
Property type Retail properties & Spaces
Total area 7,301 SF
Lot 0.66 ac (28,750 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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