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Property profile & analytics

3560 Elizabeth Lk Rd Waterford, MI 48328-3010

  • Drive through restaurants
  • 2,700 SF
  • 1.04 lot acres
OFF-MARKET
Value Estimation
$395,000
Last Sale
Sep 30, 2020
$350,000
Location Intelligence
Property ID
US43-1098708
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Drive through restaurants

Property Details for 3560 Elizabeth Lk Rd

Year built
1972
Lot size
1.04 lot acres
Property size
2,700 SF
Zone code
II
Property type
Drive through restaurants
APN
W -13-26-176-015
APU
W1326176015

Description

This exceptional 2,670 square foot commercial property, located at 3560 Elizabeth Lake Road in Waterford, MI, presents a fantastic opportunity for a discerning tenant. Currently vacant and ready for immediate occupancy, this single-tenancy space offers a highly visible location with ample parking, ensuring convenient access for customers. The building's design is adaptable, making it suitable for a variety of uses, including retail, restaurant, or service-oriented businesses. The layout is completely customizable to meet the specific needs of the future tenant. Its strategic placement ensures high visibility from the road, attracting significant foot traffic and maximizing exposure for any business. The property's convenient access and ample parking are key advantages in a competitive market. This location offers a strong foundation for success, providing a thriving environment for businesses seeking a high-traffic, easily accessible space. The entire 2,670 square feet is available, providing a substantial footprint for a variety of business models. Don't miss this chance to secure a prime commercial space in a desirable Waterford location. The property is ready for immediate occupancy and offers a unique opportunity to establish a thriving business.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $430,000
  • CAP approach

    CAP return
    Estimation
    6%
    $300,000
    6.5%
    $330,000
    7%
    $330,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $285,000
    Geo Method
    $285,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $300,000
    Retail
    $305,000
    Mixed-Use
    $245,000
    Hospitality
    $280,000
    Educational
    $290,000
    Residential Income
    $305,000
    Energy
    $280,000
    Income-Based Land
    $280,000
    Food Service
    $285,000

Location Insight

  • Map
  • Local Demand
City
Waterford
County
Oakland
State
Michigan
Longitude
-83.3573
Latitude
42.6396
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,576
$0.00
$0.00
$172,430
-
$0.00
$0.00
$344,860
More about this property
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