Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1990 UNION LAKE RD Commerce Twp, MI 48382

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $110,000

    LAND - Commerce Twp, MI

    Lot size:
    0.46 Acres
    Added:
    Nov 12, 2025
    Days on Market:
    149
    Last Refresh:
    Apr 10 at 4:06 am

    Property Features for 1990 UNION LAKE RD

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Commercial,Office
    Standard status
    Active
    APN
    E1701401017
    Lot size
    0.46 Acres

    Taxes and HOA fees

    Tax Description
    T2N, R8E, SEC 1 MOREY'S GOLF VIEW SUB LOT 1
    Tax Annual Amount
    1541

    We can help!

    Listing Contact
    Lance Shamoo

    Listing agent Lance Shamoo License #6501409601

    Listing office Coldwell Banker Metro Real Estate 1362 W Huron St, Commerce, MI

    Listing date Nov 12, 2025

    MLS# 20251053639

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Vacant Land on Union Lake

    This vacant land is zoned '202 - Business' and is located on Union Lake Road. The site offers views of Long Lake at the corner of Golfside Drive. The lot size is 0.46 acres in Commerce Twp, Michigan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Commerce Twp
    County
    Oakland
    State
    Michigan
    Longitude
    -83.447098
    Latitude
    42.606331

    Nearby Similar for Sale

    • $475,000
      3,299 SF

      Union Lake Commercial Property Available

      Well-maintained commercial property in high-traffic Union Lake location.
      2515 Union Lake Road, Commerce Twp, MI 48382
      View Details
    • $4,249,000
      15,975 SF

      Turnkey Multifamily Investment Opportunity

      Well-maintained 25-unit apartment complex with value-add potential.
      629 W Maple Road, Commerce Twp, MI 48017
      View Details
    • $1,799,990
      3,253 SF

      Crystal Lake Waterfront Home

      Luxury lakefront home in exclusive Commerce Twp community, under construction.
      2691 Crystal Lake Drive, Commerce Twp, MI 48382
      View Details
    • $496,190
      1,939 SF

      New Construction Home in Commerce

      New construction home with lake access in Commerce Township, MI.
      2361 Provencal Drive, Commerce Twp, MI 48382
      View Details
    • $64,999

      Commerce Twp Vacant Land

      Two adjoining lots in quiet, wooded Commerce Township location.
      900 Polvadera Street, Commerce Twp, MI 48382
      View Details
    • $310,000

      Spacious Homesite in Commerce Township

      Premier 2.8-acre lot for custom home in Commerce Twp.
      2610 N Wixom Road, Commerce Twp, MI 48382
      View Details
    • $123,999

      Corner Lot with Lake Views

      Spacious corner lot with lake views and community lake access.
      8330 Dickert Street, Commerce Twp, MI 48382
      View Details
    • $75,000

      Vacant Land in Commerce Township

      Two adjacent vacant lots for residential development in Commerce Twp.
      Ellisia Road, Commerce Twp, MI 48382
      View Details
    • $95,000

      Residential Lot in Commerce Township

      Premium lot for custom home in desirable Oakland County location.
      4615 S Commerce Road, Commerce Twp, MI 48382
      View Details
    • $149,000

      Residential Land in Commerce Township

      1.2 acre residential land with lake privileges in Oakland County.
      Parcel "B" Log Cabin Drive, Commerce Twp, MI 48390
      View Details
    • $230,000

      Waterfront Land on Long Lake

      4.12 acres with 190.83' sandy waterfront on Long Lake.
      S Lot 77,80, Commerce Twp, MI 48382
      View Details
    • $230,000

      Waterfront Land on Long Lake

      4.12 acres with 190.83' sandy waterfront on all-sports Long Lake.
      000 Midwood Lot 74,80, Commerce Twp, MI 48382
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant commercial land on well-traveled road with lake views.
    Where is this commercial land located?
    The property is located at 1990 UNION LAKE RD Commerce Twp, MI.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: Vacant build site ready for development.; Zoned '202 - Business' allowing for commercial use.; Located on well‑traveled Union Lake Road, offering high visibility.
    (248) 242-7282
    We can help!
    Listing Contact
    Lance Shamoo
    Real Estate License ID: 6501409601
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!