2515 Union Lake Road, Commerce Twp, MI 48382
Real Estate Only - Commerce Twp, MI
- Added:
- Aug 21, 2025
- Days on Market:
- 296
- Last Refresh:
- Jun 12 at 11:06 am
Property Features for 2515 Union Lake Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- APN
- 1712229028
- Size
- 3,299 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5863
Building Details
- Year built
- 1940
- Building materials
- Brick
- Architectural style
- Other
Listing agent Evan Bassy (248) 649-7200
Listing office Keller Williams Paint Creek 440 S Main Street, Troy, MI (248) 649-7200
Listing date Aug 21, 2025
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.
HighLights
- High‑visibility commercial property in the heart of Union Lake.
- 2,860 square foot space with phenomenal traffic flow.
- Building in excellent condition, ready for immediate occupancy.
- Formerly a successful liquor store, demonstrating strong area presence.
- Endless potential for various retail or service‑based businesses.
- Turnkey opportunity in an active corridor.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.4k | $16.80 |
| − Vacancy | −$4.7k | −$1.43 |
| EGI | $50.7k | $15.37 |
| − OpEx | −$15.2k | −$4.61 |
| NOI | $35.5k | $10.76 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Commerce Twp
- County
- Oakland
- State
- Michigan
- Longitude
- -83.4459473
- Latitude
- 42.5984687
