Mid-Mitten Realty
1660 Airport Road Active Save Request In-Person Tour Request Virtual Tour
Waterford,MI 48327 1301
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 4,552 sqft
Price per Sqft $131
Subdivision Mi
MLS Listing ID 60401140
Annual Tax Amount $4,541
Lot Size 0.410 Acres
Acres 0.41
Lot Dimensions 100X180X100X179
Property Sub-Type Commercial/Industrial
Property Description
Discover the perfect investment opportunity with this turn-key commercial property that promises immediate return on investment! This space is an ideal choice for business owners or companies looking to establish or expand their operations in a thriving location. The property is a generous .41 acres and equipped to meet all your business needs. Recently renovated, it boasts a suite of modern upgrades including a newly paved parking lot, newer front windows and doors, and freshly installed back windows. With both bathrooms remodeled from the vanities and flooring to the plumbing. Functionality meets style with 3000 sf of laminate flooring across all offices. The on-demand hot water system and new HVAC installations, including a furnace and AC condensers, ensure comfort throughout the year. Additional improvements include new gutters, a water-proofed foundation, removal of dated drop ceilings, and an exterior paint refresh – all completed in 2022. Modern tech amenities such as optical fiber internet and a comprehensive security system with cameras have been added for a high-speed and secure business environment. The internal ambiance is uplifted with new lighting and a fresh coat of paint, while the practical addition of a new water softener, a 200 amp electrical panel, and an EV charger align with contemporary business needs. Spanning 4552 sq ft, the property is currently zoned HT1 for high-tech office use, with the possibility of free rezoning to Airport district if desired. The layout includes 3 private offices, 2 bathrooms, and a private conference room. With a lease in place providing a 6.75% cap rate at a $600k price point and potential to increase rent, this investment promises growth and flexibility. Note that furniture and fixtures are tenant-owned and not included in the sale. Seize the opportunity to invest in a property with a solid lease agreement until January 1, 2027, with options to renew or adjust the rent to reflect market value.
Location
State MI
County Oakland
Area Waterford Twp (63131)
Zoning Mixed Use,Professional Office,Industrial
Interior
Heating Forced Air
Building
Foundation Slab
Water Private Well
Structure Type Brick
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional