Back to Search

Union Lake Commercial Property For Sale

2515 Union Lake Rd, Commerce Township, MI 48382

View on Map

For Sale

$475,000

Well-maintained 2,860 SF commercial property in high-traffic area.

Type:Commercial

Property size:

2,860 SF

Lot size:

0.22 Acres

Price / SF:

$166/SF

We can help!

Contact an agent

Evan Bassy

HighLights

High‑visibility location in the heart of Union Lake with phenomenal traffic flow.
Well‑maintained, 2,860 square foot commercial space.
Turnkey opportunity requiring minimal changes.
Formerly a successful liquor store, demonstrating strong area presence.
Vacant property with endless potential for various retail or service‑based businesses.
Business financials from prior operation available upon submission of Letter of Intent.

For Sale

$475,000

Well-maintained 2,860 SF commercial property in high-traffic area.

Type:Commercial

Property size:

2,860 SF

Lot size:

0.22 Acres

Price / SF:

$166/SF

Added:: Mar 10, 2026
Days on Market:: 119
Last Refresh:: Jul 2 at 10:24 am

Property Features for 2515 Union Lake Rd

General Information

Standard status: Active
Size: 2,860 SF
Lot size: 0.22 Acres
Property subtype: Commercial

Building Details

Year Built: 1940

We can help!

Contact an agent

Evan Bassy

Listing office M77 LLC

Listing date Mar 10, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of M77 LLC

HighLights

High‑visibility location in the heart of Union Lake with phenomenal traffic flow.
Well‑maintained, 2,860 square foot commercial space.
Turnkey opportunity requiring minimal changes.
Formerly a successful liquor store, demonstrating strong area presence.
Vacant property with endless potential for various retail or service‑based businesses.
Business financials from prior operation available upon submission of Letter of Intent.

Overview

This is a 2,860 square foot commercial property located in Union Lake. Formerly a liquor store, the building is in excellent condition and offers high visibility and traffic flow. The property is currently vacant and suitable for retail or service-based businesses. Business financials from the prior operation are available upon submission of a Letter of Intent. Showings must be scheduled in advance and accompanied by proof of funds or a commitment letter.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$48.0k	$16.80
− Vacancy	−$4.1k	−$1.43
EGI	$44.0k	$15.37
− OpEx	−$13.2k	−$4.61
NOI	$30.8k	$10.76

2,860 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$439.6K

$384.7K – $512.9K (±1% cap)

NOI $30,775 @ 7.0% cap · market cap 6.48%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$616.9K

$539.8K – $719.7K (±1% cap)

NOI $43,181 @ 7.0% cap · market cap 9.09%

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

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Location Insight

Map
Local Demand

City: Commerce Township
County: Oakland
State: Michigan
Longitude: -83.4459
Latitude: 42.5985

For sale
Storefront properties
MI
Commerce Township
48382
2515 Union Lake Rd

What type of property is this?

Storefront property - Well-maintained 2,860 SF commercial property in high-traffic area.

Where is this storefront property located?

The property is located at 2515 Union Lake Rd Commerce Township, MI.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: High‑visibility location in the heart of Union Lake with phenomenal traffic flow.; Well‑maintained, 2,860 square foot commercial space.; Turnkey opportunity requiring minimal changes.