6123 Highland RdWaterford Township, MI 48327

Property Details for 6123 Highland Rd

Year built

2006

Lot size

5.26 AC

Property size (Sq ft)

93,347 SF

Zone code

II

Property type

Super regional malls

APN

W -13-20-276-071

APU

W1320276071

Description

This exceptional retail opportunity is located at 6123 Highland Road in Waterford Township, Michigan, 48327. The property features two contiguous inline spaces totaling 3,200 square feet, with 1,600 square feet currently available in each. Each space is in excellent, move-in ready condition, offering a "white-boxed" interior, ready for tenant build-out. The property boasts ample parking for customer convenience and high visibility due to its excellent frontage on Highland Road (M-59), a major thoroughfare. The strategic location offers easy access and high traffic volume, placing the property directly across from the Oakland County International Airport. This prime retail space is ideal for a variety of businesses seeking a high-traffic location with excellent visibility and ample parking. The property is classified as a shopping center with multiple tenancies. A total of 3,600 square feet is currently vacant, offering flexibility for businesses of various sizes. The property's well-maintained condition ensures a positive and productive environment for tenants. This is a rare opportunity to secure a highly visible and accessible retail space in a thriving Michigan community.

• CAP approach

  CAP return

  Valuation

  6%

  $23,490,424

  6.5%

  $21,683,468

  7%

  $20,134,650

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,003,830

  Geo Method

  $22,003,830

• Alternative Use

  Use

  Valuation

  Residential

  $18,290,818

  Hospitality

  $16,754,290

  Educational

  $13,939,373

  Medical

  $14,418,769

  Retail

  $21,683,468

Location Insight

City

Waterford

County

Oakland

State

Michigan

Latitude

42.6589

Longitude

-83.4077

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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