Rochester MI Commercial for Sale
$1,800,000
330 W TIENKEN Rochester Hills, MI 48306
- Type:
- Industrial
- Sq.Ft.:
- 12,383
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 2.47 Acres
- Year built:
- 1919
- Baths:
- MLS#:
- 60330050
ADDITIONAL INFORMATION
Discover a prime investment opportunity with this medical office building prominently located in a high-income area. This established property hosts seven units across a 1.75-acre lot, featuring five professional tenants, three of whom are long-term, enhancing stability and investment reliability. Despite its current occupancy, there are two available units, presenting an immediate value-add potential through lease-up at market rates. Recently enhanced with a new roof in 2023 and a freshly sealed parking lot, the building is well-maintained and equipped to meet medical standards, including a specialized radiation room. The ample parking facility includes 72 spaces, accommodating both staff and client needs effortlessly. Strategically positioned to capture significant daily traffic, the site benefits from visibility to over 20,667 cars per day. The surrounding demographics are ideal for medical professionals, with an average household income exceeding $130,000 within a 5-mile radius and a population of 142,000 potential clients. Additionally, the spacious lot offers expansion possibilities with enough room to erect additional buildings, further enhancing its value. This property not only promises a steady flow of current income but also offers substantial growth potential through strategic management and development. An investment here is not just in property but in the future of healthcare services in a thriving community.
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Rochester Real Estate
The median home value in Rochester, MI is $405,800. This is higher than the county median home value of $304,600. The national median home value is $338,100. The average price of homes sold in Rochester, MI is $405,800. Approximately 73.25% of Rochester homes are owned, compared to 20.89% rented, while 5.86% are vacant. Rochester real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Rochester real estate agent to arrange a tour today!
Rochester, Michigan 48306 has a population of 75,990. Rochester 48306 is more family-centric than the surrounding county with 38.55% of the households containing married families with children. The county average for households married with children is 32.55%.
The median household income in Rochester, Michigan 48306 is $106,398. The median household income for the surrounding county is $86,275 compared to the national median of $69,021. The median age of people living in Rochester 48306 is 40.8 years.
Rochester Weather
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 15.7 degrees. The average rainfall is approximately 32 inches per year, with 33.1 inches of snow per year.