Price Reduction
Address
3231 Union Lake Road Commerce Twp, MI
Price
$ 405,000
Property Attributes
  • ML#2200015592
  • TypeCommercial
  • CountyOAKLAND
  • CityCommerce Twp
  • AreaCommerce Twp
  • NeighborhoodTRIPPS MIDDLE STRAITS LAKE SUB-COMMERCE
  • Zip48382
  • Styleresidential rentals
  • Year Built1950
  • Taxes5173
  • Price$ 405,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2048
  • Lot Size0.61 Acres
Listing Provided Courtesy Of:
Real Estate One-Milford
Property Description

Zoned Commercial or Residential, currently being rented out. This is your opportunity to own a prime piece of land. Value is in the land and it’s potential. Purchase includes 2 lots for a total of 150 frontage feet and .61 acres. Purchase can be combined with the adjacent lot for a corner piece of property at Bywater and Union Lake Road for a total of 300 frontage feet and 1.2 acres. See listing #2200015691. Both parcels are zoned both residential and B-1 Local Business. See Article 13 in docs for approved businesses. Traffic count is about 30,000. Rentals are conforming. The house has been completely remodeled and has 2 units, a lower 3 bedroom 1 ½ bath with a basement and garage and an upper (above the garage) 2 bedroom 1 bath unit. Both have separate entrances, gas and electric. Water is combined and paid by owner. Upper unit rents for $925 and lower unit rents for $1700. No showings without a serious Purchase Agreement, please do not disturb the tenants. No sign on the property.

Price History
3/3/2020 Listed $415,000
10/20/2020 3% - $405,000

General Features

Business Type Medical, Office, Residential, Retail
Commercial Type Commercial, Real Estate Only
Construction Materials Brick, Vinyl
Cumulative Days on Market 238
Current Use residential rentals
Gross Scheduled Income 31500.00
Heating Central Air, ENERGY STAR® Qualified Ceiling Fan(s), Forced Air
Listing Agent Public Id 384575
Net Operating Income 24606.00
Operating Expense 6894.00
Originating MLS Realcomp II Ltd
Ownership Status Private Owned, Short Sale - No
Parcel Number 1712476002
Possession Subject To Tenant Rights
Property Type Commercial
School District Walled Lake
Sewer Septic-Existing
Short Sale No
Status Active
Subdivision Name TRIPPS MIDDLE STRAITS LAKE SUB-COMMERCE
Terms Offered Cash
Total Sq Ft 2048
Transaction Type Sale
Year Built 1950
Year Remodeled 2019
Zoning Commercial, Residential

Interior Features

Heating Fuel Natural Gas
Total Units 2
Unit Count 2

Exterior Features

Architecture Level Multi-Level
Exterior Features Private Entry
Foundation Basement, Slab
Foundation Materials Block, Poured
Frontage Feet 150
Lot Size Area 0.61
Lot Size Dimensions 150.00X178.00
Roof Material Asphalt
Water Source Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via Good Company Realty and The Originating MLS(found above), © 2020 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of October 26, 2020 5:17 PM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Zip Code Average in 48382

Price
AVG $190K
$410K
Taxes
AVG $11,418
$5,173
Visits
AVG 11
52
Year Built
AVG 1977
1950
Walkscore
AVG 43
50
Data Provided by Walkscore ® not using MLS data