5279 Dixie HwyWaterford Township, MI 48329

Property Details for 5279 Dixie Hwy

Year built

1948

Lot size

2.75 AC

Property size (Sq ft)

25,210 SF

Zone code

II

Property type

Office buildings

APN

W -13-04-402-007

APU

W1304402007

Description

This 600-square-foot office space in Waterford Township, Michigan, presents a fantastic lease opportunity. Located on Dixie Highway, this property boasts high visibility and excellent customer flow. The space is freshly remodeled and includes a restroom, offering ample room for various business operations. The M-1 zoning allows for a wide range of uses, including freight handling, light equipment rental, public utilities, recycling facilities, new and used vehicle dealerships (indoor operations only), and craft/food processing. A unique feature is the potential to incorporate Bay 6 of a nearby self-service car wash, featuring roll-up doors on both sides (tenant responsible for door installation costs or negotiation into rent). Flexible lease terms are available, making this an ideal location for aspiring entrepreneurs. All potential lessees will undergo a credit and background check. This prime location offers a supportive environment for businesses seeking high visibility and convenient access. The address is 5279 Dixie Hwy, Waterford Township, MI 48329.

• CAP approach

  CAP return

  Valuation

  6%

  $4,315,648

  6.5%

  $3,983,675

  7%

  $3,699,127

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,358,144

  Geo Method

  $2,358,144

• Alternative Use

  Use

  Valuation

  Residential

  $4,939,757

  Hospitality

  $4,524,791

  Educational

  $3,764,573

  Medical

  $3,894,042

  Retail

  $5,856,002

Location Insight

City

Waterford

County

Oakland

State

Michigan

Latitude

42.694

Longitude

-83.3943

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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