Established Day Care Center | Business & Real Estate

4430 Elizabeth Lake Rd Waterford Township, MI 48328

4430 Elizabeth Lake Rd, Waterford Township, MI, 48328
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FOR SALE
Property Type:
Street Retail
Amount:
$319,000
Last Verified:
Nov 22, 2024

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Highlights

  • Turnkey investment with real estate, business, and FF&E included
  • Projected 2024 net profit of $106,872
  • High Demand Facility--- 30 Child Capacity with a Huge Waiting List
  • Complete building upgrade in 2017 ensures modern facilities
  • Tailored areas for toddlers, infants, and preschoolers as well as after-school programming
  • Emphasis on STEAM (Science, Technology, Engineering, Arts, Mathematics) programming
  • Attractive investment potential for those seeking a thriving business opportunity

Description

Introducing an exceptional investment opportunity in Waterford Township, MI. This property boasts a well-maintained 1,672 SF building on a half-acre lot, originally constructed in 1954 and extensively renovated in 2017. It was thoughtfully designed with distinct indoor and outdoor areas. Included in this offering are the real estate, business, and FF&E, with a projected 2024 net profit of $106,872. The state-licensed facility is in high demand, with a 30-child capacity and a substantial waiting list. Little House Academy offers programming for toddlers, infants, and preschoolers, as well as after-school programs and tutoring services. The property focuses on STEAM (Science, Technology, Engineering, Arts, Mathematics) programming, making it an attractive prospect for investors seeking a turnkey opportunity.

Located on the north side of Elizabeth Lake Rd, just north of Cooley Lake Rd in Waterford Twp. Waterford is a larger medium-sized township located in Oakland County in the State of Michigan. With a population of 70,565 people and 20 constituent neighborhoods, Waterford is the largest community in Michigan.

The most prevalent occupations for people in Waterford are a mix of both white- and blue-collar jobs. Overall, Waterford is a township of sales and office workers, professionals, and service providers. There are especially a lot of people living in Waterford who work in office and administrative support (13.75%), sales jobs (10.58%), and management occupations (9.23%). Also of interest is that Waterford has more people living here who work in computers and math than 95% of the places in the US. The percentage of people in Waterford who are college-educated is somewhat higher than the average US community of 21.84%: 27.77% of adults in Waterford have at least a bachelor's degree.

The average household income within 5 miles is $92,268, which is middle-income relative to Michigan, and upper-middle income relative to the rest of the US.


Year Built: 1954
Building Size: 1672sq ft
Lot Size: 0.51 acres


Documents

Brochure

Map of 4430 Elizabeth Lake Rd, Waterford Township, MI, 48328

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.