For Sale
7627 Highland Road, Waterford, MI 48327
$449,900
MLS # 20261042973 (Realcomp)
Built 19550.45 acres
1 / 11
Listing Description
Prime Commercial Opportunity: 4-Unit Retail/Office Plaza on M-59Location: 7627 Highland Rd, Waterford, MI 48327Property Type: Multi-Tenant Commercial Plaza (4 Units) with 1,200 SF in each unit. (2 units currently leased)Zoning: Local Commercial / Retail / Professional Office : C-2Unlock incredible investment potential or establish your business at this highly visible, 4-unit commercial plaza directly fronting the bustling Highland Road (M-59) corridor in Waterford. Offering a dominant street presence and a high daily traffic count, this property is a turnkey addition to any commercial portfolio or an ideal opportunity for an owner-user looking for built-in supplemental rental income.The building is situated on a prime parcel featuring ample dedicated paved parking, easy ingress/egress, and excellent signage opportunities directly on Waterford's primary commercial artery. Key HighlightsHigh-Traffic M-59 Exposure: Capitalize on massive daily vehicle counts and exceptional brand visibility.Flexible 4-Unit Layout: Designed to easily accommodate a variety of tenants, from retail boutiques and medical/professional offices to service-based businesses.Ample Parking & Accessibility: Generous parking layout to smoothly accommodate clients, staff, and high-volume customer turnover.
Source: SparkMLS
About this home
Currently offered at $449,900.
Estimated annual property tax: $8,851, or about $738 monthly. 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.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Lot Size0.45 acres
Year Built1955
Location
CityWaterford
MunicipalityWaterford Twp
Zip Code48327
CountyOakland
School DistrictWaterford
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
Sale & Financing
Listed6/11/2026
Source: SparkMLS
Tax Information
Annual Tax$8,751
State Equalized Value$182,850
Taxable Value$157,790
Parcel #1318378006
Source: Public Records
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Thomas Wilhelm
Wilhelm & Associates
Frequently Asked Questions about 7627 Highland Road, Waterford, MI 48327
Which school district serves 7627 Highland Road, Waterford, MI 48327?
Per MLS# 20261042973, 7627 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 are the property taxes at 7627 Highland Road, Waterford, MI 48327?
Per public tax records, annual property taxes for this property are $8,751. 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, 7627 Highland Road, Waterford, MI 48327 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 7627 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 utilities serve 7627 Highland Road, Waterford, MI 48327?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Water: Public. 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$8,851
Monthly$738
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$3,656
Principal & interest$2,918
Property taxes$738
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
7627 Highland Road, Waterford, MI 48327
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Municipality
Waterford Township
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County
Oakland County
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