For Sale
$555,000

2211-2215 Elizabeth Lake RdWaterford Township, MI 48328

Prime Waterford retail center, high-traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents the Waterford Plaza, a two-unit retail property situated on a 0.66-acre lot at 2211-2215 Elizabeth Lake Rd, Waterford Township, MI 48328. The property boasts a total of 7,301 square feet of commercial space, currently configured as retail, and is priced at $555,000, translating to $76.02 per square foot. The property is zoned C-3, allowing for a variety of commercial uses. Ample parking is available with 27 spaces provided on-site. This location benefits from strong demographics, with over 107,000 residents within a 5-mile radius boasting an average annual household income exceeding $85,000. The Waterford Plaza is strategically positioned in a high-density retail area, surrounded by established national retailers including Big Lots, Harbor Freight Tools, and Dollar Tree, ensuring high visibility and foot traffic. This property is ideal for owner-occupants seeking a prime retail location or investors looking for a value-add opportunity in a thriving market. The property's size, location, and existing tenant base make it an attractive investment prospect with significant potential for future growth and return. Serious inquiries are encouraged.

Highlights

  • Two-unit Waterford Plaza for sale in Waterford, MI.
  • Ideal owner-user or value-add investment opportunity.
  • Strong demographics: 107,000+ residents within 5 miles, $85,000 average annual household income.
  • High-density retail location near Big Lots, Harbor Freight Tools, and Dollar Tree.

Property Details for 2211-2215 Elizabeth Lake Rd

Property type
Retail properties, Land
Square Feet
7,301 SF
Lot Size (sq. ft)
28,750 SF

Location Insight

City
Waterford Township
County
Oakland
State
Michigan
Latitude
42.6394358
Longitude
-83.329777
2211-2215 Elizabeth Lake Rd, Waterford Township, Michigan

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2211-2215 Elizabeth Lake Rd
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