8880-8884 Commerce Rd Commerce Charter Township, MI 48382
- Retail properties
- 5,500 SF
- 0.96 lot acres
Current Use by Public Records
- Retail properties
Property Details for 8880-8884 Commerce Rd
- Lot size
- 0.96 lot acres
- Property size
- 5,500 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a 5,500 square foot freestanding retail building situated on approximately 0.96 acres of land in the thriving Commerce Township, Michigan. Currently 100% occupied by a single, credit tenant, this property offers limited landlord responsibilities, ensuring ease of management. The building is well-maintained and benefits from a desirable demographic profile. The property is zoned B-2, Community Business, and features ample parking. The asking price is $775,000, representing a 9.00% cap rate. Tenant pays all CAM and utilities. The property is located on the north side of Commerce Road, just west of Union Lake Road, in the 48382 zip code. Upcoming improvements include resealing and striping of the parking lot. This is a prime opportunity for investors seeking a stable, high-return investment in a rapidly growing community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Commerce Charter Township
- County
- Oakland
- State
- Michigan
- Longitude
- -83.4588
- Latitude
- 42.592
