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7669 Highland Rd
Waterford, MI 48327
Retail Property For Sale

Investment Highlights

  • The property features a prominent pylon sign.
  • Zoned BI allowing for many possible uses.
  • The location offers outstanding visibility.
  • The building was repainted in 2026.
  • Existing rental rates are substantially below market.
  • The property is situated directly across from an international airport.

Executive Summary

Positioned along the highly traveled Highland Rd (M-59) corridor, 7669 Highland Rd presents a compelling value-add investment opportunity in one of Waterford's
most established commercial corridors. The property consists of a 3,000 SF freestanding mixed-use building featuring two street-level retail suites and a secondstory apartment, plus a 1,500 SF detached garage offering additional income or owner storage potential.
Currently 75% occupied, the property generates immediate cash flow from two long-term tenants—both in place since 2008 and currently leasing on a monthto-month basis—while providing investors with significant upside through lease restructuring, market-rate rent increases, and lease-up of the vacant retail suite
and detached garage. Existing rental rates are substantially below market, creating a clear path to increased NOI.
Situated directly on Highland Rd with approximately 45,000 vehicles passing daily, the property offers outstanding visibility, a prominent pylon sign, and
convenient access to Oakland County International Airport, Pontiac Lake, and the surrounding Lakes Area. Recent exterior improvements completed in 2026
further enhance curb appeal, making this an attractive opportunity for investors seeking both stable income and long-term value creation.
Nestled in a thriving commercial hub, this property is ideally located directly across from Oakland County International Airport, a hub for business and private aviation, and just steps from Pontiac Lake Recreation Area, a major regional attraction. The location also boasts an array of dining options, retail centers, and community services, providing a favorable environment for professionals and employees. With its strategic position and local charm, Waterford presents an enticing proposition for investors seeking a dynamic and vibrant locale for their next venture.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,000 SF
Building Class
C
Year Built/Renovated
1947/2026
Price
$399,000
Price Per SF
$133
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.19
Lot Size
0.36 AC
Zoning
BI
Parking
13 Spaces (8.4 Spaces per 1,000 SF Leased)
Frontage
35’ on Highland Rd

Amenities

  • Pylon Sign
  • Signage
  • Storage Space

Property Taxes

Property Taxes

Parcel Number
13-18-378-009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$96,450
  • Listing ID: 41597004

  • Date on Market: 8/7/2026

  • Last Updated:

  • Address: 7669 Highland Rd, Waterford, MI 48327

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