Financial
Distress signals
Property profile

3860 Elizabeth Lk Rd Waterford, MI 48328

OFF-MARKET
Individual retail properties
Property ID
US43-1500063
1,577 SF 0.2 ac lot Built 1930
Last sale Nov 2023 · $155,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

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

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value · 2024$72k
Effective rate4.20%

Value estimate

· Sep 2026
$180k
$162k – $198k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$161/SF
County average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$85 – $215

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BI
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency31.4
Law Firm23.8
Dental Office18.5

Location

3860 Elizabeth Lk Rd Waterford, MI 48328-3018
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1026 Scott Lk, Waterford, MI 48328-1522 $225,000 Dec 2025 1,200 SF
1028 Huron, Waterford, MI 48328-3730 $125,000 Jul 2025 1,500 SF
2571 Dixie, Waterford, MI 48328-1705 $125,000 Mar 2025 2,109 SF
3480 Elizabeth Lk, Waterford, MI 48328-3008 $925,000 Mar 2023 2,194 SF
2250 Dixie, Waterford, MI 48328-1808 $465,000 Feb 2022 1,441 SF
3342 Dixie, Waterford, MI 48328-1656 $130,000 Jul 2021 1,279 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3860 Elizabeth Lk Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message