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2515 Union Lake Rd 3,562 SF of Retail Space Available in Commerce Township, MI 48382
HIGHLIGHTS
- 41,000 + VPD along Union Lake Road
- Adjacent residential parcel available from same owner (not included in sale price)
- Great exposure
- Partially built-out as standard retail space
- Signage available
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,562 SF | 1-10 Years | $15.00 /SF/YR $1.25 /SF/MO $53,430 /YR $4,453 /MO | Triple Net (NNN) |
1st Floor
This commercial space at 2515 Union Lake Rd., Commerce Township, MI 48382, offers about 2860 sq ft, including walk-in coolers, ideal for retail use. The monthly rent under a net lease at $15, covering additional costs such as utilities and maintenance. Both parties agree to the terms outlined in the attached agreement.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Turnkey opportunity
- Over 30,000 VPD
- Landlord will entertain both Sale/Lease including
- Walk-in coolers
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 3,562 SF | Gross Leasable Area | 3,562 SF |
| Property Type | Retail | Year Built | 1940 |
| Property Subtype | Freestanding | Parking Ratio | 4.77/1,000 SF |
| Total Space Available | 3,562 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 3,562 SF |
| Year Built | 1940 |
| Parking Ratio | 4.77/1,000 SF |
ABOUT THE PROPERTY
Located at 2515 Union Lake Rd., Commerce Township, MI 48382, this prime property is available for both sale and lease. Boasting exceptional visibility with over 41,000 vehicles passing daily, this freestanding building offers 3,562 square feet of versatile space, perfect for a wide range of business opportunities. Whether you're looking to buy or lease, this property provides a high-traffic location with limitless potential for success.
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
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2515 Union Lake Rd
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