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    Property profile & analytics

    2355 S Commerce Rd Wolverine Lake, MI 48390

    • Office buildings
    • 1,161 SF
    • 0.59 lot acres
    For Sale
    View listing
    $399,000
    Value Estimation
    Last Sale
    Dec 04, 2020
    $300,000
    Location Intelligence
    Property ID
    US43-1581172
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 2355 S Commerce Rd

    Year built
    1955
    Lot size
    0.59 lot acres
    Property size
    1,161 SF
    Zone code
    BI
    Property type
    Office buildings
    APN
    EW-17-23-352-012
    APU
    EW1723352012

    Description

    1149 Stratford Avenue presents a fantastic retail opportunity in a vibrant East Side location. This 800-square-foot space is situated within a larger, three-story mixed-use building totaling 18,750 square feet. Built in 1922 and renovated in 2000, the building offers a blend of historic charm and modern updates. The property benefits from a highly desirable MX 1 Mixed Use Corridor zoning designation, allowing for a variety of commercial uses. The space is immediately available and features a minimum divisible space of 800 square feet, making it ideal for a variety of businesses. Its convenient location offers excellent accessibility, with easy access to Interstate 95 and proximity to public transportation via a nearby bus route. The building's multi-tenant structure provides a dynamic and thriving commercial environment. This Stratford Avenue storefront offers a unique chance to establish a presence in a bustling East Side submarket, specifically within the Stratford Avenue cluster. The building's substantial size and mixed-use nature contribute to a high level of foot traffic and visibility, creating an ideal setting for a successful retail venture. Don't miss this chance to secure a prime retail space in a sought-after location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $335,000

    • CAP approach

      CAP return
      Estimation
      6%
      $325,000
      6.5%
      $275,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $290,000
      Geo Method
      $310,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $325,000
      Retail
      $305,000
      Mixed-Use
      $340,000
      Hospitality
      $310,000
      Educational
      $285,000
      Residential Income
      $270,000
      Energy
      $305,000
      Income-Based Land
      $295,000
      Food Service
      $350,000

    Location Insight

    • Map
    • Local Demand
    City
    Wolverine Lake
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4744
    Latitude
    42.5557
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,944
    $0.00
    $0.00
    $104,190
    -
    $0.00
    $0.00
    $208,380

    Comparable in this City

    • Value Estimation by Request
      79,850 SF

      1827 Haggerty Rd

      OFFICE BUILDING • 79,850 SF
      1827 Haggerty Rd, Commerce Township, MI 48390-2834
      View Details
    • Value Estimation by Request
      13,057 SF

      1885 Pontiac Trl

      OFFICE BUILDING • 13,057 SF
      1885 Pontiac Trl, Commerce Township, MI 48390-3154
      View Details
    • Value Estimation
      $265,000
      1,770 SF

      131 Ferland St

      OFFICE BUILDING • 1,770 SF
      131 Ferland St, Walled Lake, MI 48390-3515
      View Details
    • Value Estimation
      $750,000
      9,207 SF

      850 Ladd Rd Bldg B

      OFFICE BUILDING • 9,207 SF
      850 Ladd Rd Bldg B, Walled Lake, MI 48390-3018
      View Details
    • Value Estimation
      $685,000
      1,128 SF

      519 Pontiac Trl

      OFFICE BUILDING • 1,128 SF
      519 Pontiac Trl, Walled Lake, MI 48390-3442
      View Details
    • Value Estimation by Request
      3,400 SF

      1725 Glengary Rd

      OFFICE BUILDING • 3,400 SF
      1725 Glengary Rd, Wolverine Lake, MI 48390-1130
      View Details

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      Wolverine Lake Redevelopment Opportunity

      Redevelopment opportunity near Wolverine Lake with excellent frontage and exposure.
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    Similar Nearby for Lease

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    2355 S Commerce Rd
    Wolverine Lake, MI 48390
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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