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For Sale

Vacant Retail Plaza

457 Elizabeth Lake Road,
Waterford Township, MI 48328
Represented by
Elevate Net Lease

Asset Snapshot

Full Service
Retail Subtype
1986
Year Built
0.39 Acres
Land Area

Offering Summary

Investment Overview

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Investment Highlights

  • Strategically Located Along Waterford Township's Primary Commercial Corridor – Positioned on Elizabeth Lake Rd Within an Established Retail and Business District Serving the Greater Detroit Trade Area
  • 7,200 SF Vacant Building on a 0.39 Acre Lot – Offers an Excellent Opportunity for an Owner-User, Redevelopment, or Repositioning in an Established Commercial Corridor
  • Located Within a Top U.S. Metropolitan Market – Situated in the Detroit, MI MSA, Ranked #14 Among the Largest Metropolitan Areas in the U.S.A
  • Dense and Growing Population Base – More Than 11,700 Residents Within 1 Mile and 82,100+ Residents Within 3 Miles, With Projected Population Growth of +3.31% Over the Next Five Years
  • High Traffic and Excellent Visibility – More Than 27,300 Vehicles Pass the Site Per Day on Elizabeth Lake Rd, Providing Outstanding Exposure and Accessibility
  • Strong Daytime Employment Base – More Than 63,000 Daytime Employees Within 3 Miles Generate Consistent Daily Traffic and Consumer Spending Activity
  • Established Retail Corridor – Surrounded by Several Local Tenants and National Retailers Including Home Depot, Walgreens, Arby's, McDonald's, Burger King, and More
  • Established Regional Trade Area – Waterford Township Benefits From a Strong Mix of Residential Neighborhoods, Employment Centers, Retail Destinations, and Community Services
  • Regional Economic Strength – The Area Benefits From Healthcare, Automotive, Manufacturing, Retail, Education, and Professional Services
  • Strong Long-Term Investment Fundamentals – Location Within a Top U.S. MSA, Redevelopment Potential, Strong Traffic Counts, Dense Demographics, and a Well-Established Retail Corridor Support Long-Term Investment Stability

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Listing Syndicated From

Buildout
Accepting Offers
$1,000,000
Asking Price

Investment Sales Broker

Robert Michil
Elevate Net Lease

Market Insights