5983 Highland Rd Waterford, MI 48327-1868
Property profile & analytics
5983 Highland Rd Waterford, MI 48327-1868
- Drug stores
- 14,496 SF
- 2.20 lot acres
Property ID
US43-1103335
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Drug stores
Property Details for 5983 Highland Rd
- Year built
- 2008
- Lot size
- 2.20 lot acres
- Property size
- 14,496 SF
- Zone code
- BI
- Property type
- Drug stores
- APN
- W -13-21-101-023
- APU
- W1321101023
Description
This exceptional retail property presents a unique investment opportunity in the thriving Waterford, Michigan market. The former Rite Aid building, boasting 14,564 square feet, sits on a generous 2.20-acre lot. Its strategic location at a signalized intersection of Highland Road and Airport Road ensures maximum visibility and accessibility, benefiting from a combined daily traffic count of 61,922 vehicles. This high-traffic area guarantees significant exposure for any business. The property is surrounded by a robust retail environment, with established national brands such as Meijer, Walmart, Kroger, Aldi, Starbucks, and Panera Bread in close proximity, creating a synergistic and desirable retail cluster. The strong demographics further enhance the property's appeal, with a population of 53,153 residents within a 3-mile radius, providing a substantial customer base. This former pharmacy offers ample space and a proven track record, making it an ideal location for a variety of retail ventures. The property's size and location in Oakland County, Michigan, combined with the high traffic counts and established retail neighbors, make this a compelling opportunity for investors and businesses seeking a prominent presence in a busy and successful retail corridor. The 48327 zip code offers easy access to major transportation routes, further enhancing its appeal.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,785,000
- RESTAURANT
- $2,510,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Waterford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.4052
- Latitude
- 42.6592
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$46,841
$0.00
$0.00
$985,470
-
$0.00
$0.00
$1,970,940
