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Retail/Office Space on Union Lake
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1529-1575 Union Lake Rd, Commerce Township, MI 48382

High-visibility retail/office spaces in a high-traffic area.

Space Size1,281 SF - 1,670 SF
Property Size22,236 SF
Days on Market1385

Property Features for 1529-1575 Union Lake Rd

General Information

Standard status Active
Size 1,281 SF - 1,670 SF
Property subtype Retail
Lease Type NNN

Building Details

Building Size 22,236 SF
Year Built 1974
Tenancy Multiple

Spaces For Lease

at 1529-1575 Union Lake Rd Contact us

Suite 1529

Size
1,670 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us

Suite 1539

Size
1,620 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us

Suite 1545

Size
1,528 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us

Suite 1549

Size
1,281 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Insite Commercial
Listed By: Mojahed Abubars · License #6506046863
Source: Crexi
Added: Nov 19, 2022 Changed: Aug 8 Last Checked: Aug 31 at 4:16PM

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 Insite Commercial

Investment Insights

Based on property information with market context.

This mixed-use property is located in a high-traffic area at the intersection of Union Lake and Cooley Lake roads, which sees a combined traffic count of 45,000 vehicles per day. The available spaces have been newly white boxed and are suitable for both retail and office use. The building offers high visibility on Union Lake Road, with access to Cooley Lake Road. The shopping center provides an abundance of parking and is situated at a stop light, facilitating convenient ingress and egress.

Key Highlights

  • High traffic location with 45,000 vehicles per day on Union Lake and Cooley Lake Roads.
  • Newly white boxed retail spaces suitable for retail or office use.
  • Great visibility on Union Lake Road.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Dental Office Spa & Massage Center Building Supply

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

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

238
Businesses Nearby
80k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 54% Dining 37% Home Improvements & Furnishings 7% Electronics 2%
Dollar Tree Shops & Services
16,125 visits/mo 0.2 miles
Pet Supplies Plus Shops & Services
8,567 visits/mo 0.2 miles
Tim Hortons Dining
7,534 visits/mo 0.1 miles
Mobil Shops & Services
6,185 visits/mo 0.3 miles
O'Reilly Auto Parts Shops & Services
5,661 visits/mo 0.2 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

Market

Lease Benchmarks for Commerce Township, MI

$18 /SF/Yr
Avg Asking Price
$12–$20 /SF/Yr
Price Range
7,089 SF
Avg Space Size

This space is priced 33% below the average of $18 /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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - High-visibility retail/office spaces in a high-traffic area.
Where is this retail space located?
The property is located at 1529-1575 Union Lake Rd Commerce Township, MI.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: High traffic location with 45,000 vehicles per day on Union Lake and Cooley Lake Roads.; Newly white boxed retail spaces suitable for retail or office use.; Great visibility on Union Lake Road.
(248) 359-9000 Call to check price and availability
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