5806 Dixie HwyWaterford Township, MI 48329

Property Details for 5806 Dixie Hwy

Year built

1946

Lot size

2.10 AC

Property size (Sq ft)

11,348 SF

Zone code

BI

Property type

Retail space

APN

W -13-04-127-022

APU

W1304127022

Description

This exceptional 7,000-square-foot single-tenant property, located at 5806 Dixie Highway in Oakland County, presents a remarkable opportunity for businesses seeking high-visibility space. Built in 1946, the building offers a flexible layout suitable for a variety of uses, including executive office space, storefront retail, or a combination thereof. The property boasts a prime location at the intersection of Andersonville and Dixie Highway, ensuring excellent exposure and high foot traffic. Currently, a provisional center occupies the space, demonstrating the location's viability. The existing interior features built-out offices and conference rooms, providing a head start for potential tenants. Multiple floor plans are possible, allowing for customization to meet specific business needs. The space is ready for immediate build-out and creative upgrades, offering a blank canvas for a discerning tenant. Its strategic location offers easy access to numerous amenities, the airport, and major freeways, enhancing its appeal and convenience. The property's size and versatility make it ideal for a range of businesses, including but not limited to food service establishments, salons, cigar bars, or lounges. This is a rare opportunity to secure a prominent location with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,855,682

  6.5%

  $2,636,014

  7%

  $2,447,727

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,674,960

  Geo Method

  $2,674,960

• Alternative Use

  Use

  Valuation

  Residential

  $2,223,576

  Hospitality

  $2,036,784

  Educational

  $1,694,580

  Medical

  $1,752,860

  Retail

  $2,636,014

Location Insight

City

Waterford

County

Oakland

State

Michigan

Latitude

42.7026

Longitude

-83.4021

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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