3560 Elizabeth Lk Rd Waterford, MI 48328-3010
- Drive through restaurants
- 2,700 SF
- 1.04 lot acres
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
-
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