Commerce Township, 2579 Union Lake Road

Retail-Commercial for Sale
Catylist Listing ID: 29939226
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Retail-Pad, Street Retail, Vehicle Related, Other
Building Status: Proposed
Building Size (RSF): 4,080 SF
Gross Building Area: See Agent
Gross Land Area: 0.25 Acres
Sale Price: $479,000
Unit Price: $117.40 PSF
Property Use Type: Investment
Building Name: 2579 Union Lake Road
Sale Terms: Cash to Seller
Last Updated: 5/22/2018

Overview / Comments

- Strong traffic and demographics.
- Income producing ($2,100/M).
- Commerce Township’s main thoroughfare.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Lakes Area
Tax ID/APN: 17-12-229-007
Zoning: B1 - LOCAL BUSINESS
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: SEQ of Union Lake Road & Willow Road
Largest Nearby Street: Union Lake Road
Feet of Frontage: 43
Traffic/Vehicle Count: 31,000
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1957
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: B1 - Local Business
Lot Frontage: 43
Lot Depth: 249
Water Service: Municipal
Sewer Type: Septic
Land Ownership: Owned
Legal Description: T2N, R8E, SEC 12 UNION LAKE GARDEN SUB N 42.50 FT OF LOT 7 EXC WLY PART TAKEN FOR HWY

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,878 59,603 168,223
Median Age: 42.16 40.85 41.14
Households: 3,020 22,163 65,265
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