For Sale
$775,000

8880-8884 Commerce RdCommerce Charter Township, MI 48382

High-growth area, 5,500 SF, 100% occupied

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • 5,500 SF freestanding retail building on 0.96 acres in Commerce Township, MI.
  • 100% occupied by a credit tenant, minimizing landlord responsibilities.
  • Well-maintained building with desirable demographics and ample parking; B-2 zoning.
  • $775,000 asking price, 9.00% cap rate; tenant pays all CAM and utilities.
  • Located on Commerce Rd (north side), west of Union Lake Rd, 48382 zip code; upcoming parking lot improvements.

Property Details for 8880-8884 Commerce Rd

Property type
Retail properties, Office properties
Square Feet
5,500 SF
Buildings
1
Lot Size (sq. ft)
41,818 SF

Location Insight

City
Commerce Charter Township
County
Oakland
State
Michigan
Latitude
42.591973536403
Longitude
-83.458794505226
8880-8884 Commerce Rd, Commerce Charter Township, Michigan

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8880-8884 Commerce Rd
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