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The phrase 'commercial enterprise' is correct and usable in written English.
You can use it when referring to a business or undertaking that has a profit-making motive or goal, for example: "The commercial enterprise was highly successful in its first year of operation."
Exact(60)
As a commercial enterprise, it was unsuccessful.
This has become a major commercial enterprise".
Another is economic self-reliance through commercial enterprise.
"Hollywood is above all a commercial enterprise," Mr. Kaplan said.
A crafty businessman, he would applaud Bahar's commercial enterprise.
This was not of course a commercial enterprise.
Since "Agora" is a commercial enterprise, it also includes a romantic subplot.
Residents have not tried to make the ants into a big commercial enterprise.
The spectacle of a commercial enterprise so immodestly celebrating itself is off-putting and intellectually discomfiting.
The Company continued to flourish as a commercial enterprise in China and the Far East.
The professional and commercial enterprise doing the exploiting, of course, is college sports itself.
More suggestions(15)
commercial business
commercial industry
commercial venture
corporate enterprise
retail enterprise
entrepreneurial enterprise
commercial businesses
commerce enterprise
mercantile enterprise
business enterprise
commercial entrepreneurs
commercialized enterprise
commercial undertakings
commercial projects
commercial corporate
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com