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    FOR SALE
    Day care centers

    4430 Elizabeth Lake Rd, Waterford, MI 48328

    1,685 SF 0.51 ac lot Built 1954
    Individually Owned 20-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-5205100
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a fully operational, 1,672 square foot daycare center in Waterford Township, Michigan. Located on a 0.51-acre lot at 4430 Elizabeth Lake Rd, 48328, this single-story, Class B building boasts 13 parking spaces and underwent a complete renovation in 2017. Currently operating at 100% occupancy with a significant waiting list, the center caters to children aged birth to 12 years, offering daycare, preschool, after-school programs, and tutoring. The facility features separate areas designed for infants, toddlers, and preschoolers, fostering customized developmental experiences. Its progressive curriculum emphasizes STEAM (Science, Technology, Engineering, Arts, Mathematics) learning through project-based activities. The center utilizes Kinderlime, an app providing real-time updates and secure webcam access for parents. The asking price is $319,000 ($190.79/sq ft), and the property includes the real estate, business, and furniture, fixtures, and equipment (FF&E). The permitted zoning is BI. This is a high-demand facility with a 30-child capacity, representing a strong and stable investment in a growing community. Built in 1954, this turnkey operation offers immediate income potential and significant long-term growth prospects.

    Property profile
    Verified
    Property type Day care centers
    Use group DAY CARE, PRE-SCHOOL
    Year built 1954
    Total area 1,685 SF
    Lot 0.51 ac (22,216 SF)
    Zoning code BI
    APN W -13-27-251-018
    UPID US43-5205100
    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
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    Owner & transaction history
    Michael Bajis · 20 yrs held
    Michael Bajis
    since 2005
    1 recorded transaction
    2005
    $218,000
    Zoning & alternative use
    BI · Waterford, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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