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    OFF-MARKET
    Individual retail properties

    3860 Elizabeth Lk Rd, Waterford, MI 48328-3018

    1,577 SF 0.2 ac lot Built 1930
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1500063
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Individual retail properties
    Use group BARBER, HAIR SALON
    Year built 1930
    Total area 1,577 SF
    Lot 0.2 ac (8,712 SF)
    Zoning code BI
    APN W -13-26-153-022
    UPID US43-1500063
    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
    Mesh Mesh Investments LLC · 2 yrs held
    Mesh Mesh Investments LLC
    since 2023
    Last sale
    $155,000
    5 recorded transactions
    2023
    $155,000
    2022
    $142,000
    2006
    2001
    $800
    1969
    Zoning & alternative use
    BI · Waterford, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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