509 Elizabeth Lake Road Waterford, MI $ 218,000
509 Elizabeth Lake Road
$ 218,000
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509 Elizabeth Lake Road

Waterford, MI, 48328
$ 218,000
Bedrooms-- Baths-- Sq 2,010

Monthly Estimate*

$ 1,342

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Commercial Property for sale in Waterford, MI

for $218,000. This 2,010 square foot building was built on a lot size of 0.12.

Completely renovated and ready for a new business, this commercial office building is located along high-traffic Elizabeth Lake Road, just west of Telegraph and directly across from the former Summit Place Mall redevelopment area. The property offers strong visibility and accessibility and is well suited for professional and service-based uses such as law offices, counseling or therapy practices, medical or insurance offices, salons, small retail, and professional services. The building includes multiple private offices across three levels, allowing for owner-occupancy or multi-tenant use. Features include a welcoming main-floor lobby, office/kitchen area, 1 full and 2 half bathrooms for staff and client convenience. Ideally located within one mile of Oakland Schools, the Oakland County Courthouse, and numerous restaurants and amenities. Continued redevelopment in the area adds long-term value for both users and investors.

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Commercial Active

Price

$ 218,000

Property Type

Commercial

Taxes

$ 2,127

Style

Commercial/Industrial

Lot Size

0.12

Town/City

Waterford

County/Region

Oakland

MLS | Web ID

60959570

Features
General
Possession At Close
Water Other-See Remarks
Status Active Active
Year Built 19
Subdivision Leffels MI
County Oakland
Class COM/IND/BUS OPP
Type Commercial/Industrial
Ownership Private
Municipality Waterford Twp
Zoning Professional Office Commercial
Sale/Rent For Sale
Status Detail 0
Area Waterford Twp (63131)
Primary City Waterford
Virtual Tour https://www.propertypanorama.com/instaview/nocbor/20251060339
Directions On Elizabeth Lake Road
City Waterford
Financial Terms Cash Conventional
Legal Description T3N R9E SEC 25 LEFFEL'S SUB LOT 25
DOM 44
Postal Code 48328
Price Per Sq Ft Total AG 108.46
Public Remarks Completely renovated and ready for a new business this commercial office building is located along high-traffic Elizabeth Lake Road
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Exterior
Exterior Vinyl Siding
Frontage 43
Lot Size Area 0.12
Lot Dimensions 43.34X117.5
Roads Class C
Waterfront Y/N No
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* Excluded Features
List By
Sergio Taylor

Listing Agent

Kw Professionals

Broker

sergiotaylor@kw.com

Email

Affordability Calculator

$1,520
Per Month
88%
12%
0%
Monthly Principal & Interest
$1,342
Monthly Property Taxes
$177
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/17/2025$218,000 Listed Price

Map


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509 Elizabeth Lake Road, Waterford, MI, 48328 is a Commercial Property for sale at $218,000 with 2,010 sqft and a lot size of 0.12. The property's zip code is 48328 which is in Waterford, MI