First-Floor Retail
For Sale
Contact for pricing
2579 Union Lake Road, Commerce Twp, MI 48382
Road-facing commercial space with signage and parking positioned at the front and rear of the property.
Property Size2,040 SF
Price / SF$0.01
Days on Market64
Property Features for 2579 Union Lake Road
General Information
Standard status
Active
Size
2,040 SF
Additional Details
Floor
1
Road Access
Yes
Amenities
signage
Listing Agency:
GRI Homes for Today
(248) 234-6789
Listed By:
Tjader Gerdom · License #6502357230
(248) 515-7606
Source:
Charterpropertiesgr
Added: Aug 16
Changed: Oct 6
Last Checked: Oct 16 at 8:37AM
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 GRI Homes for Today
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Investment Insights
Based on property information with market context.
This 2,040 SF first-floor commercial space is configured for retail or office occupancy, with potential for service-oriented use. The building provides prominent signage and parking areas at both the front and rear, supporting customer and staff access.
The property is located on Union Lake Road between Commerce Road and Willow Road in Commerce Township, Michigan. Nearby tenants include Kroger, Urban Air, and ACE Hardware, placing the space among established retail and service users.
The property is located on Union Lake Road between Commerce Road and Willow Road in Commerce Township, Michigan. Nearby tenants include Kroger, Urban Air, and ACE Hardware, placing the space among established retail and service users.
Key Highlights
- 2,040 SF first‑floor retail or office space
- Located on Union Lake Road between Commerce Road and Willow Road
- Signage available on the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,023
Suggested Prices Based on Cap Rates
Cap Rate 5%
$140,460
$140.5K
Cap Rate 7%
$100,329
$100.3K
Cap Rate 9%
$78,033
$78.0K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$12.2K $6.00/SF
− Vacancy
−$2.9K −$1.41/SF
EGI
$9.4K $4.59/SF
− OpEx
−$2.3K −$1.15/SF
NOI
$7.0K $3.44/SF
Area
Oakland County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$140,460
Cap Rate 7%
$100,329
Cap Rate 9%
$78,033
Alternative Uses
Best Use
Retail
$313.6K
$274.4K – $365.9K
NOI $21,951 @ 7.0% cap · market cap 109,755.00%
Second Best
Office B
$100.3K
$87.8K – $117.1K
NOI $7,023 @ 7.0% cap · market cap 35,115.00%
Theoretical Best
Specialty Retail
$440.0K
$385.0K – $513.4K
NOI $30,801 @ 7.0% cap · market cap 154,005.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
Explore this area
Business Placement
Demographics for 48382, MI
23,334
Population
8,857
Households
2.6
Avg Household Size
42
Median Age
49%
College-Educated
97%
High-School Grad
16.6 sq mi
ZIP Area
1,406
Density / Sq Mi
$132,602
Median Household Income
$59,784
Median Earnings
$1,685
Median Rent
$404,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Road-facing commercial space with signage and parking positioned at the front and rear of the property.
Where is this retail space located?
The property is located at 2579 Union Lake Road Commerce Twp, MI.
What are key features of this property?
This property features: 2,040 SF first‑floor retail or office space; Located on Union Lake Road between Commerce Road and Willow Road; Signage available on the building
