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Retail Space with Multiple Access Points
For Lease
$22 SF/Yr

3187 Union Lake Rd, Commerce Township, MI 48382

Located in a multi-tenant plaza with access from Union Lake Road and Bywater Street.

Space SizeContact for details
Days on Market120

Property Features for 3187 Union Lake Rd

General Information

Standard status Active
Property subtype Retail
Zoning B-2

Site & Location

Anchor Co-Tenants Hungry Howie's, Main Street Market Place, Commerce Jewelry & Watch Repair, Dry Cleaning by Value, Jasmine Nails
Road Access Yes

Additional Details

Flexible Term Yes

Building Details

Tenancy Multi
Listing Agency: Gerdom Realty & Investment
Listed By: Michael Murphy · License #6501389134
Source: Cpix.resimplifi
Added: May 18 Changed: Sep 10 Last Checked: Sep 13 at 4:00AM

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 Gerdom Realty & Investment

Investment Insights

Based on property information with market context.

This retail space is part of Commerce Village Plaza, a multi-tenant commercial property originally built in 1965. The center has three curb cuts, including two along Union Lake Road and another on Bywater Street, supporting access from both roadways.

Existing plaza tenants include Hungry Howie's, Main Street Market Place, Commerce Jewelry & Watch Repair, Dry Cleaning by Value, and Jasmine Nails. The property is 2.5 miles north of M-5 and is available for lease with negotiable term options.

Key Highlights

  • Three curb cuts: two on Union Lake Road and one on Bywater Street
  • Located within Commerce Village Plaza
  • 2.5 miles north of M‑5

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick HVAC Service Big Box & Wholesale Store Garden Center Electrical Service Hair Salon Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Paved road access
NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

488
Businesses Nearby
178k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 35% Groceries 32% Dining 27% Home Improvements & Furnishings 6%
Kroger Groceries
57,129 visits/mo 0.3 miles
Speedway Shops & Services
26,083 visits/mo 0.2 miles
Kroger Fuel Center Shops & Services
17,023 visits/mo 0.3 miles
Burger King Dining
14,284 visits/mo 0.3 miles
Wendy's Dining
11,651 visits/mo 0.5 miles

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
View Realmo Analytics

Market

Lease Benchmarks for Commerce Township, MI

$20.25 /SF/Yr
Avg Asking Price
$12–$24 /SF/Yr
Price Range
7,187 SF
Avg Space Size

This space is priced 9% above the average of $20.25 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Located in a multi-tenant plaza with access from Union Lake Road and Bywater Street.
Where is this retail space located?
The property is located at 3187 Union Lake Rd Commerce Township, MI.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Three curb cuts: two on Union Lake Road and one on Bywater Street; Located within Commerce Village Plaza; 2.5 miles north of M‑5
More about this property
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