509 Elizabeth Lk Rd, Waterford, MI 48328-3304

This 2,010 square foot industrial building, situated on a 0.12-acre lot at 509 Elizabeth Lake Road in Waterford, MI, presents a compelling investment opportunity. Ideally located along a busy thoroughfare, just west of Telegraph Road and directly across from the site of the former Summit Place Mall, this property benefits from exceptional visibility and convenient access. The building is suitable for a variety of commercial uses, including small retail, hair styling salons, law offices, or counseling centers. Its proximity to the Oakland County Business Center (construction commenced in 2020) ensures future appreciation potential. The property's strategic location offers easy access to key amenities, including Oakland Schools, the Oakland County courthouse, and Friend of the Court, all within a one-mile radius, as well as numerous restaurants. The interior comprises a main floor with a lobby (21'7" x 9'0"), a main office/kitchen area (23'4" x 15'10"), a half bath (8'2" x 5'8"), and a third floor featuring additional office spaces (13'4" x 9'3", 13'2" x 10'6"), a storage closet (11'5" x 5'6"), and a full bath (7'6" x 5'4"). A basement provides further space, including office areas (11'2" x 9'0", 17'0" x 14'6"), a laundry area (18'6" x 7'7"), and another half bath (9'4" x 5'0"). This versatile property offers significant upside for the discerning investor. Priced at $184,900.