7150 Cooley Lk Rd Waterford Township, MI 48327
- Super regional malls
- 12,510 SF
Current Use by Public Records
- Super regional malls
Property Details for 7150 Cooley Lk Rd
- Year built
- 1968
- Property size
- 12,510 SF
- Property type
- Super regional malls
- APN
- W -13-31-476-103
- APU
- W1331476103
Description
This exceptional 12,510-square-foot retail space, located at 7150 Cooley Lake Road in Waterford Township, Michigan, presents a unique investment opportunity. The property, a single-tenant building within a strip center, boasts a spacious layout ideal for a variety of retail uses. Constructed in 1968 and renovated in 1989, the building is situated on a sizable lot offering ample parking with 578 spaces for customers and employees. The entire 12,510 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. The property is zoned C-UL Union Lake Business, allowing for a range of commercial activities. Its convenient location in Oakland County, Michigan, with a zip code of 48327, ensures high visibility and accessibility. The single-story building offers ease of navigation and functionality. This property is available for sale or lease, making it an attractive option for both investors and businesses seeking a prime retail location in a thriving community. The property's substantial size and ample parking make it an ideal location for businesses requiring significant space and convenient customer access. This is a rare opportunity to acquire a well-located, sizable retail space in a desirable area of Oakland County.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $820,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $830,000
- 6.5%
- $805,000
- 7%
- $875,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $705,000
- Geo Method
- $680,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $830,000
- Retail
- $920,000
- Mixed-Use
- $850,000
- Hospitality
- $810,000
- Educational
- $825,000
- Residential Income
- $910,000
- Energy
- $955,000
- Income-Based Land
- $735,000
- Food Service
- $710,000
Location Insight
- Map
- Local Demand
- City
- Waterford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.4264
- Latitude
- 42.6165
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA