2211-2215 Elizabeth Lake Rd Waterford Township, MI 48328
- Retail properties
- 7,301 SF
- 0.66 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2211-2215 Elizabeth Lake Rd
- Lot size
- 0.66 lot acres
- Property size
- 7,301 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waterford Township
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3298
- Latitude
- 42.6394
