3860 Elizabeth Lk Rd, Waterford, MI 48328-3018
This exceptional investment opportunity presents a vacant, 1,577 square foot industrial building situated on a 0.2-acre lot in Waterford, Michigan. Previously operating as a successful hair salon for two decades, this property is now ready for its next chapter. The building boasts updated flooring throughout its spacious interior, offering ample room for a variety of business ventures. Its strategic location on a main road ensures high visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence. The property is zoned C1, providing flexibility for a range of commercial uses. A key advantage is the inclusion of an adjacent lot, adding to the overall property size. This is part of a larger parcel encompassing over half an acre, offering potential for future expansion or development. Priced at $275,000, this property represents a compelling investment opportunity in a thriving commercial area. The building's history of successful operation, combined with its updated interior and prime location, makes it an attractive prospect for discerning investors seeking a strong return on their investment. Don't miss this chance to acquire a well-situated commercial property with significant potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BI · Waterford, MIWaterford. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.