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Financial
Distress signals
Property profile

2579 Union Lake Rd Commerce Twp, MI 48382

FOR SALE
Auto shops
Property ID
US43-0096213
5,228 SF 0.25 ac lot Built 1965
Last sale Oct 2007 · $380,000
Individually Owned Owner of record is an individual. 18-yr Hold Held for 18 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
2579 Union Lake Rd, Commerce Twp, MI 48382 For Sale 1 / 13
$310,000 5,228 SF
2579 Union Lake Rd, Commerce Twp, MI 48382
View Listing

Property summary

AI-generated overview

The property is a 2,040 square foot first-floor retail space within a building constructed in 1957, located at 2579 Union Lake Road in Commerce Township, MI 48382. It is positioned on Union Lake Road between Commerce and Willow Roads and is configured with a layout suitable for retail, office, or service-oriented use. Building signage supports roadside identification, and parking is available both at the front and the rear of the building. The surrounding area includes established retail and service businesses such as Kroger, Urban Air, and ACE Hardware.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value · 2024$213k
Effective rate3.63%

Value estimate

· Oct 2026
$310k
$279k – $341k
NOI build-up
Gross scheduled income$12k
Vacancy & credit loss−$3k
Operating expenses−$2k
NOI · 35,115.00% cap applied$7k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$123/SF
County average, outlier-cleaned · 132 recorded sales of this use type
Observed band · Q1–Q3$56 – $200
Qualifying comparables13

Cap rate analysis

How does the asset earn?
35,115.00%
$7k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BI
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm14.5
Hair Salon12.1
Building Supply11.7

Location

2579 Union Lake Rd Commerce Twp, MI 48382
County assessor Recorded deeds · 4 transfers 13 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 12 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2505 Un Lk, Commerce Township, MI 48382-3555 $250,000 Aug 2023 1,054 SF
3141 Un Lk, Commerce Township, MI 48382-4547 $287,500 Dec 2018 5,332 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $430,000
    5,332 SF
    3141 Un Lk Rd
    AUTO REPAIR, GARAGE
    3141 Un Lk Rd, Commerce Township, MI 48382-4547
    View Details
  • Value Estimation
    $490,000
    6,618 SF
    9575 Commerce Rd
    AUTO REPAIR, GARAGE
    9575 Commerce Rd, Commerce Township, MI 48382-4169
    View Details
  • Value Estimation
    $540,000
    3,058 SF
    2490 Un Lk Rd
    AUTO REPAIR, GARAGE
    2490 Un Lk Rd, Commerce Township, MI 48382-3551
    View Details
  • Value Estimation
    $165,000
    2,100 SF
    4105 Commerce Rd
    AUTO REPAIR, GARAGE
    4105 Commerce Rd, Commerce Township, MI 48382-4117
    View Details
  • Value Estimation
    $125,000
    1,525 SF
    980 Commerce Rd
    AUTO REPAIR, GARAGE
    980 Commerce Rd, Commerce Township, MI 48382-2603
    View Details
  • Value Estimation
    $245,000
    1,054 SF
    2505 Un Lk Rd
    AUTO REPAIR, GARAGE
    2505 Un Lk Rd, Commerce Township, MI 48382-3555
    View Details

Similar Nearby for Sale

  • New
    Contact for pricing
    15,371 SF
    Retail Building with Drive-Through
    Freestanding retail property with available space, an existing Med Spa tenancy, signage options, and access to a dedicated drive-thru.
    3053-3063 Union Lake Road, Commerce Township, MI 48382
    View Details
  • Contact for pricing
    Retail Space at Shopping Plaza
    Retail-oriented commercial space within a multi-tenant plaza serving a densely populated residential trade area.
    3187 Union Lake Road, Commerce Twp, MI 48382
    View Details

Similar Nearby for Lease

  • $22 SF/Yr
    15,000 sqft
    Retail Shopping Center
    Retail center offering three vehicle entrances and a tenant mix that includes food, market, repair, cleaning, and nail services.
    3187 Union Lake Road, Commerce Twp, MI 48382
    View Details
  • $18 SF/Yr
    11,000 sqft
    Retail
    Retail space · 11,000 SF
    3053 Union Lake Road, Commerce Township, MI 48382
    View Details
  • New
    $12 SF/Yr
    20,734 sqft
    White Box Retail and Office Suites
    Newly white boxed retail spaces are offered in a mixed-use center with strong pass-thru traffic and ample parking.
    1529 Union Lake Rd, Commerce Township, MI 48382
    View Details
  • $2,000/Mo
    1,000 sqft
    Retail Suite with Immediate Occupancy
    Retail space in a commercial plaza, available for immediate occupancy with a preferred long-term lease structure.
    3-1050 Benstein Rd, Commerce Township, MI 48382
    View Details
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