3,000 SF Free-standing Retail Building with Second-Floor Apartment and 1,500 SF Garage

Investment Overview

Positioned along the highly traveled Highland Rd (M-59) corridor, 7669 Highland Rd presents a compelling value-add investment opportunity in one of Waterford's most established commercial corridors. The property consists of a 3,000 SF free-standing mixed-use building featuring two street-level retail suites and a second-story apartment, plus a 1,500 SF detached garage offering additional income or owner storage potential. Currently 75% occupied, the property generates immediate cash flow from two long-term tenants—both in place since 2008 and currently leasing on a month-to-month basis—while providing investors with significant upside through lease restructuring, market-rate rent increases, and lease-up of the vacant retail suite and detached garage. Existing rental rates are substantially below market, creating a clear path to increased NOI. Situated directly on Highland Rd with approximately 45,000 vehicles passing daily, the property offers outstanding visibility, a prominent pylon sign, and convenient access to Oakland County International Airport, Pontiac Lake, and the surrounding Lakes Area. Recent exterior improvements completed in 2026 further enhance curb appeal, making this an attractive opportunity for investors seeking both stable income and long-term value creation.

Investment Highlights

• 3,000 SF Two-story Retail Building w/ Second-Story Apartment
• 75% Occupied on MTM Basis– Immediate cash flow with additional leasing and revenue opportunities
• Existing rents are well below market, creating substantial income growth potential
• 1,500 SF Free-standing garage included in sale for storage or additional revenue stream
• 35' of frontage on Highland Rd with 1 curb curb and 13 parking spaces
• Prominent pylon sign and building was repainted in 2026
• Zoned BI - many uses possible
• High visibility location on Highland Rd (M-59) with 45,000 vehicles passing daily
• Located in the desirable Waterford area, within proximity to amenities and services
• Directly across from Oakland County International Airport and near Pontiac Lake