5900 Highland Road, Waterford, MI 48327 (MLS# 24058004)
5900 Highland Road, Waterford, MI 48327
$4,700,000
Property Type:
Commercial Sale
Square Footage:
49,434
Lot Size (sq. ft.):
317,117
Status:
Active
Current Price:
$4,700,000
List Date:
9/04/2025
Last Modified:
9/04/2025
Description
Lasco Real Estate Group is pleased to present the exclusive listing at 5900 Highland Road, Waterford, Mi 48327, offered at $4,800,000.00. Built in 1972 and fully renovated in 2023, this property is comprised of 49,434 square feet of building space and sits on just under 7.5 acres of land. The front portion has been used in the past for automotive dealership sales, but would also be ideal for any business requiring retail store frontage or clients services, with private offices for management as well. This property is partially leased, just under 20%, through 6/30/29.
Owners would consider a NNN Lease in lieu of a fee simple sale as well.
This Property consists of two parcels - 1316352020 (6.359ac) & 1316352029 (.918ac)
More Information MLS# 24058004
Location & Property Info
Cross Streets: Airport Rd and Highland Rd
Property Sub-Type: Retail
Municipality: Acme Twp
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 95.08
Prop Avail for Lease?: Yes
Current Bldg Use: Automobile Dealership
General Property Info
New Construction: No
Lot Dimensions: 396X731X367X496X199X60X173X175
Road Frontage: 397
Mineral Rights: Unknown
Waterfront: No
Year Remodeled: 2023
Total # Units: 1
Total # Bldgs: 5
# Fin Bldg Lvls: 1
Total SqFt: 49434
Property Use Type: Business
School District: Waterford
Lot Measurement: Acres
Lot Acres: 7.28
Lot Square Footage: 317117
Year Built: 1993
Full Baths: 4
Tax Info
Taxable Value: 1651370
SEV: 2090890
For Tax Year: 2024
Seller's Annual Property Tax: 64968
Tax Year: 2024
Homestead %: 0
Spec Assessment & Type: 0
Zoning: B1
Tax ID #: 13-16-352-020
Remarks & Misc
Public Remarks: Lasco Real Estate Group is pleased to present the exclusive listing at 5900 Highland Road, Waterford, Mi 48327, offered at $4,800,000.00. Built in 1972 and fully renovated in 2023, this property is comprised of 49,434 square feet of building space and sits on just under 7.5 acres of land. The front portion has been used in the past for automotive dealership sales, but would also be ideal for any business requiring retail store frontage or clients services, with private offices for management as well. This property is partially leased, just under 20%, through 6/30/29.
Owners would consider a NNN Lease in lieu of a fee simple sale as well.
This Property consists of two parcels - 1316352020 (6.359ac) & 1316352029 (.918ac)
Legal: T3N, R9E, SEC 16 PART OF SW 1/4 BEG AT PT DIST E 233 FT FROM SW SEC COR, TH E 397.75 FT, TH N 00-13-00 E 790 FT, TH...
Additional Details
Total Parking Spaces: 1500
Street Type
Public: 1
Property Use
Business: 1
Investment: 1
Vacant/Owner-User: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Auto Service: 1
Retail: 1
Other: 1
Construction Type
Block: 1
Steel: 1
Exterior Material
Block: 1
Brick: 1
Metal Siding: 1
Roofing
Rubber: 1
Other: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
LLC: 1
Below Grade
None: 1
Heat Type
Forced Air: 1
Radiant: 1
Air Conditioning
Central Air: 1
Docs at List Office
Survey: 1
Business Includes
Real Estate: 1
Additional Features
Multi User Facility: 1
Foundation
Slab: 1
Util Avail at St
None: 1
Driveway
Asphalt: 1
Paved: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Location Property Info
County: Oakland
Street #: 5900
Street Name: Highland
Suffix: Road
State: MI
Zip Code: 48327
Area: Oakland County - 70
OfficeContract Info
Status: Active
Current Price: $4,700,000
List Price: $4,700,000
Listing Date: 2024-11-01
Remarks Misc
Directions: Please Enter Address In Navigational Tools Available.
Property Features
Property Use: Business; Investment; Vacant/Owner-User
Uses: Auto Service; Retail; Other
Ownership: LLC
Business Includes: Real Estate
Construction Type: Block; Steel
Exterior Material: Block; Brick; Metal Siding
Roofing: Rubber; Other
Foundation: Slab
Below Grade: None
Additional Features: Multi User Facility
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: None
Heat Source: Natural Gas
Heat Type: Forced Air; Radiant
Air Conditioning: Central Air
Driveway: Asphalt; Paved
Street Type: Public
Purchase Terms Avail: Cash; Conventional
Docs at List Office: Survey
Sale Conditions: None
Listing Office:
Lasco Real Estate Group
Listing Agent:
Jennifer Lasco
Last Updated: September - 04 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for 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.