2211 Elizabeth Lake Road

    Waterford Twp, MI 48328
    • $499,000
    • STATUS: Active
    • ON SITE: 250 days
    • MLS #: 218044798
    UPDATED: 68 min ago
    $499,000
    • 0
      BEDS
    • 0.66
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,350
      SQFT
    • $68
      $/SQFT
    Neighborhood:
    Cass Highlands
    Type:
    Commercial
    Built:
    1975
    County:
    Oakland
    Area:
    Waterford Twp
    Zoning: Commercial
    Lot Size Dimensions: 125X200

    School Ratings & Info

    School District:
    WATERFORD
    Visit GreatSchools.org

    Description

    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. The other unit has a 1 year lease at $1,000.00 per month.

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    Copyright 2019 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: 2019-02-17T14:56:12.333.
    www.homesearchannarbor.com/homes/84514497

    2211 Elizabeth Lake Road Waterford Twp, MI 48328

    • Price: $499,000
    • Status: Active
    • Updated: 68 min ago
    • MLS #: 218044798
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.66
    Acres
    7,350
    SQFT
    $68
    $/SQFT
    1975
    Built
    Neighborhood:
    Cass Highlands
    County:
    Oakland
    Area:
    Waterford Twp
    School District:
    WATERFORD
    Property Description
    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. The other unit has a 1 year lease at $1,000.00 per month.
    Exterior Features

    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

    Interior Features

    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

    Property Features

    Apod Available YN Yes Assessment 312.53 Business Type Retail Commercial Type Commercial Current Use Retail - Rent A Center & M&M Fashions Inc 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

    IDX provided courtesy of Realcomp II Ltd., via Kw Domain and Realcomp, ©2019 Realcomp II Ltd. Shareholders.
    Copyright 2019 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: 2019-02-17T14:56:12.333.
     
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    Ann Arbor MI, 48104