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Property profile & analytics
FOR SALE
Retail space

2580 Dixie Hwy Waterford, MI 48328

2,815 SF 0.09 ac lot Built 1928
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US43-1103217
Property summary
AI-generated overview

This exceptional 2,815 square foot industrial property, situated on a 0.09-acre lot at 2580 Dixie Highway in Waterford, Michigan, presents a rare opportunity. Completely renovated down to the block structure, this building offers a unique blend of functionality and style, perfect for a variety of uses. The space boasts a stunning showroom-style garage, ideal for an auto enthusiast or a business showcasing products. A private office/meeting area provides a professional workspace, complete with a full bathroom featuring a shower and bidet. All equipment, decor, and fixtures are included in the sale, even the pinball machines (excluding any vehicles). The property benefits from high visibility due to pylon signage on Dixie Highway, ensuring excellent exposure for your business. Its strategic location between Waterford Hills Raceway and M-1 Concourse offers convenient access and high traffic visibility, yet provides a more practical and usable space than those found on-site at the raceways. This turnkey operation is priced at $640,000 and is ready for immediate occupancy. The comprehensive renovation ensures a move-in ready space with modern amenities and high-quality finishes. This is a truly one-of-a-kind opportunity to acquire a unique and versatile commercial property in a prime Waterford location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1928
Total area 2,815 SF
Lot 0.09 ac (3,920 SF)
Zoning code BI
APN W -13-13-129-021
UPID US43-1103217
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Wechsler Properties I LLC · 2 yrs held
Wechsler Properties I LLC
since 2023
Last sale
$200,000
5 recorded transactions
2023
$200,000
2020
$290,000
2010
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
BI · Waterford, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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