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509 Elizabeth Lake Rd 2,010 SF Office Building Waterford, MI 48328 $308,407 CAD ($153.44 CAD/SF)
Investment Highlights
- Move-in ready office property with modernized interior improvements.
- Finished basement offers optional additional office or secure storage space.
- Public municipal services with ample surrounding road access for clients and staff.
- Prime exposure along Elizabeth Lake Road near Telegraph Road and Summit Place Mall redevelopment.
- Located within convenient distance to Oakland County Courthouse and area schools.
- Area poised for continued revitalization supported by strong redevelopment activity.
Executive Summary
Just Renovated Commercial Building. Prime Location Move-in ready commercial office building located on busy Elizabeth Lake Rd., just west of Telegraph, directly across from the former Summit Place Mall redevelopment site. Excellent visibility and high traffic area. Ideal for small retail, hair salon, law office, counseling center, medical or professional use. Conveniently located within one mile of Oakland Schools and the Oakland County Courthouse. Features include updated interior and a finished basement for additional office or storage space. Great opportunity in a growing corridor with ongoing redevelopment nearby.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$1,705
|
$0.85
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1,705
|
$0.85
|
Financial Summary (Actual - 2025)
| Taxes (CAD) | |
|---|---|
| Annual | $1,705 |
| Annual Per SF | $0.85 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $1,705 |
| Annual Per SF | $0.85 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,010 SF
Building Class
B
Year Built/Renovated
2003/2025
Price
$308,407 CAD
Price Per SF
$153.44 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,010 SF
Building FAR
0.38
Lot Size
0.12 AC
Zoning
BI - Business improved - Office or Retail use.
Parking
15 Spaces (7.46 Spaces per 1,000 SF Leased)
Amenities
- Basement
- Monument Signage
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 13-25-429-021 | Total Assessment | $69,285 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $1,705 CAD ($0.85 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
13-25-429-021
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$69,285 CAD
Annual Taxes
$1,705 CAD ($0.85 CAD/SF)
Tax Year
2025
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509 Elizabeth Lake Rd
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