2211-2215 Elizabeth Lake Rd Waterford Township, MI 48328
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.