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Property profile & analytics
OFF-MARKET
Automotive properties

3381 Highland Rd Waterford, MI 48328-3023

748 SF 0.33 ac lot Built 1949
Entity Owned Absentee Owner Free & Clear
Property ID
US43-1717835
Property summary
AI-generated overview

This exceptional 720 sq ft industrial property in Waterford, MI, presents a rare opportunity to acquire an established car dealership. Situated at the bustling intersection of Highland Road and Elizabeth Lake Road, this business benefits from unparalleled visibility and high traffic counts, boasting 215 feet of frontage on Highland Road. The updated building features four offices and a dedicated storage room, providing ample space for operations and administrative functions. The 0.33-acre lot offers convenient access and ample space for customer parking and vehicle display. This is a unique investment opportunity, as Waterford Township has a limited number of permitted car dealerships, making this an exceptionally valuable asset. The sale includes both the real estate and the established business, with inventory negotiable. This prime location and established business provide a strong foundation for continued success and significant return on investment. The property's strategic positioning at a high-traffic intersection ensures maximum exposure and accessibility for customers. This is a turnkey operation ready for a new owner to step in and continue the legacy of this successful enterprise. Don't miss this chance to own a thriving business in a highly desirable and restricted location.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1949
Total area 748 SF
Lot 0.33 ac (14,375 SF)
Zoning code BI
APN W -13-26-251-007
UPID US43-1717835
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Driven Brands INC
Driven Brands INC
since 2026
Last sale
$349,000
7 recorded transactions
2026
$660,000
2023
$349,000
2020
Price N/A
2018
Price N/A
2011
Price N/A
2011
$230,000
2007
$862
Zoning & alternative use
BI · Waterford, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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