7754 Highland Rd Waterford, MI 48327
- Retail space
- 960 SF
- 0.11 lot acres
Current Use by Public Records
- Retail space
Property Details for 7754 Highland Rd
- Year built
- 1971
- Lot size
- 0.11 lot acres
- Property size
- 960 SF
- Zone code
- BI
- Property type
- Retail space
- APN
- W -13-18-353-018
- APU
- W1318353018
Description
This 960-square-foot industrial building in Waterford, Michigan, presents a unique investment opportunity. Situated on a 0.11-acre lot at the highly visible intersection of Williams Lake Road and M-59, this property boasts excellent visibility and accessibility. The building has served as a locksmith shop for the past 22 years, demonstrating its suitability for a variety of uses. The property features a fenced rear yard, providing secure outdoor space. Priced at $200,000, this property also offers a compelling land contract option. This alternative financing allows for a $25,000 down payment, with a 9% interest rate amortized over 20 years (5-year term). It's important to note that approval of the land contract is contingent upon the seller's review of the buyer's financial standing and credit history. This prime location on M-59, a major thoroughfare, ensures high traffic volume, making it ideal for businesses seeking strong visibility and convenient access for customers. The existing building provides a solid foundation for a variety of commercial ventures, offering immediate occupancy and the potential for customization to suit specific business needs. Don't miss this chance to acquire a well-located industrial property with flexible financing options.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waterford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.44
- Latitude
- 42.661
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
