www.homesearchannarbor.com/homes/84514497
2211
Elizabeth Lake Road
Waterford Twp,
MI
48328
Neighborhood:
Cass Highlands
School District:
WATERFORD
Large corner lot with 125 feet of frontage on busy Elizabeth Lake Road. Well maintained 7,350 SF 2 unit retail building, 1 unit is currently leased by Rent-A-Center for $4,200/month + CAM. They have a 3 year lease with 2 years left & 5 year options with $1.00 increase per sqft on eachyear. Rent-A-Center lease $8.00 per square foot which equals $36,400 per year. CAM is $188.00 month Taxes $920.00 month Insurance $154.00 month. Total per month including everything $4,295.13. 40 parking spaces
Architecture Level
1 Story
Construction Materials
Block/Concrete/Masonry
Foundation Details
Slab
Foundation Materials
Block
Interstate YN
Yes
Lot Size Dimensions
125X200
Road Frontage Feet
125
Road Frontage Type
Class A
Roof Material
Rubber
Waterfront YN
No
Heating Cooling
Packaged Heat/Cool
Heating Fuel
Natural Gas
Office Heating Cooling
Forced Air
Room Count
0
Sq Ft Main
7350
Sq Ft Office
0
Sq Ft Source
Prd
Water Heater Fuel
Natural Gas
Apod Available YN
Yes
Assessment
312.53
Business Type
Retail
Commercial Type
Commercial
Current Use
Retail - Rent A Center & Bridal Salon
Encroachment YN
No
Gross Scheduled Income
52246.00
Inventory Included YN
No
Inventory List YN
No
Land Contract YN
No
Listing Financing
CashConventional
Monthly Sales
0
Net Operating Income
34045.00
Operating Expense
18201.00
Ownership Status
Private OwnedShort Sale - No
Percent Leased
70
Possession
At Close
Postal City
Waterford
Protection Period
120
Settlement
Township
Sewer
Sewer-Sanitary
Short Sale
No
Tax Amount Summer
9059.0000
Tax Amount Winter
3053.0000
Title
Private - Owned
Total Tax
12112.0000
Unparsed Address
2211 ELIZABETH LAKE RD
Water Source
Municipal Water
Zone Conform YN
Yes
Zoning
Commercial
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Copyright 2018 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Toth Team - Keller Williams Ann Arbor Market Center are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2018-11-15T06:57:54.03.
