For Sale
5900 Highland Road, Waterford, MI 48327
$4,500,000
MLS # 24058004 (Michigan Regional Information Center (MichRIC))
4 bathsBuilt 19937.28 acres
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Listing 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)
Source: SparkMLS
About this home
Located in Waterford Township in Waterford, this property offers 4-bath, with original construction dating to 1993.
Listed at $4,500,000.
Annual property taxes run approximately $110,294 ($9,191/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company. Fiber internet is available at this address with download speeds up to 5,000 Mbps across 8 providers.
Listing Property Details
Property TypeCommercial Sale
Property SubtypeRetail
Bathrooms4
Lot Size7.28 acres
Year Built1993
Location
CityWaterford
MunicipalityAcme Twp
Zip Code48327
CountyOakland
School DistrictWaterford
Construction & Systems
ConstructionBlock, Brick, Metal Siding
HeatingForced Air, Radiant
UtilitiesPhone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Sale & Financing
Listed9/3/2025
Original Price$4,800,000
Terms AcceptedConventional, Cash
Source: SparkMLS
Tax Information
Annual Tax$64,968
Tax Year2024
State Equalized Value$2,278,420
Taxable Value$1,702,560
Assessed Value$1,651,370
Parcel #1316352020
Source: Public Records
Legal Description
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...
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jennifer Lasco
Lasco Real Estate Group
Frequently Asked Questions about 5900 Highland Road, Waterford, MI 48327
Which school district serves 5900 Highland Road, Waterford, MI 48327?
Per MLS# 24058004, 5900 Highland Road, Waterford, MI 48327 is in the Waterford boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Waterford directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 24058004, this listing accepts Conventional, Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 5900 Highland Road, Waterford, MI 48327?
Per public tax records, annual property taxes for this property are $64,968 (2024). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 5900 Highland Road, Waterford, MI 48327 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 5900 Highland Road, Waterford, MI 48327 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 5900 Highland Road, Waterford, MI 48327. The maximum advertised download speed is 5.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 5900 Highland Road, Waterford, MI 48327?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Oakland County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Tax Estimate
$
Annual tax$110,294
Monthly$9,191
Millage rate48.4079 mills
Municipality: CHARTER TOWNSHIP OF WATERFORD
School district: PONTIAC CITY SCHOOL DISTRICT
County: Oakland
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$38,378
Principal & interest$29,187
Property taxes$9,191
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5 Gbps
Upload
5 Gbps
FiberCableGSO SatelliteSatelliteLicensed Fixed WirelessDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
5900 Highland Road, Waterford, MI 48327
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Municipality
Waterford Township
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County
Oakland County
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