Rochester MI Commercial for Sale
$1,699,000
311 W UNIVERSITY Rochester, MI 48307
- Type:
- Industrial
- Sq.Ft.:
- 3,470
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1920
- Baths:
- MLS#:
- 60356644
- Subdivision:
- SUPRVR'S PLAT NO 4 - VLG OF ROCH
ADDITIONAL INFORMATION
This prime mixed-use property at 311 W University Dr in Rochester, MI, presents a unique investment opportunity with significant potential for both retail and office use. Strategically located in the heart of Rochester�s vibrant downtown, the property offers flexible space that can accommodate a diverse range of tenants. With high visibility, strong foot traffic, and easy access to major roads, this location is ideal for businesses seeking exposure in a dynamic community. The property benefits from a growing local economy and a thriving downtown district, offering both immediate income potential and long-term appreciation. This is a fantastic opportunity to invest in a valuable asset in one of Michigan's most sought-after areas.
$564,900
118 W 3RD Rochester, MI 48307
- Type:
- Industrial
- Sq.Ft.:
- 1,450
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.12 Acres
- Year built:
- 1919
- Baths:
- MLS#:
- 60351209
- Subdivision:
- ORIGINAL PLAT-ROCHESTER
ADDITIONAL INFORMATION
Discover a slice of tranquility in downtown Rochester at this beloved tea house, a local treasure known for its inviting ambiance. With its prime location near shopping, dining and community attractions, this tea house is ideally positioned for steady foot traffic. Whether you're a passionate tea enthusiast or an entrepreneur looking to bring new life into a local favorite. This Rochester gem presents a rare opportunity to own a piece of the city's vibrant cafe culture.
$1,100,000
375-391 SOUTH Rochester, MI 48307
- Type:
- Industrial
- Sq.Ft.:
- 12,140
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.97 Acres
- Year built:
- 1919
- Baths:
- MLS#:
- 60333383
- Subdivision:
- SUPRVR'S PLAT NO 2 - VLG OF ROCH
ADDITIONAL INFORMATION
Once in a generation opportunity in Rochester Michigan. This 5-unit flex building on highly desirable South Street with I-2 Zoning. In 10 years of ownership the buildings have always been occupied, with a low turnover of tenants and have never had to advertise. Each unit is about 2400 square feet and has an office and restroom as well as a shop area that also has a restroom (Approximately 400 sq ft of office and 2000 warehouse and two restrooms per unit). One unit has two overhead doors, and the others have one. Each unit has approximately 1600 sq feet of additional outside storage in the back of each unit. The units are fully leased with 200/year per unit of monthly rent increases baked into the leases. The tenants are all under triple net leases, which means they are fully responsible for their units and the taxes associated with them. The parking lot has been recently repaired and the roof has been replaced in phases during the last ownership. Ownership expenses are very low ââ?¬â?? outside repairs and taxes associate with the business. Two leases terminate at the end of 2025 and three terminate in February of 2027. The February 2027 leases have two one-year extensions built in with rent rate negotiated between ownership and tenant. At a 7.5 cap rate the rent increases baked into the leases will drive the building value about 150,000 per year starting in 2025. The total return on this investment at the asking price is double digits. Market rates on this property are between 8 and 10 per square foot. Current tenants rent is well below market rate. There is a significant opportunity to strategically manage this property to achieve better results by moving rates to market over the next few years. At market rent it is estimated the building value will exceed 1,500,000. Land contract terms possible - 800,000 minimum down payment.
$1,100,000
SOUTH Street Rochester, MI 48307
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.97 Acres
- Year built:
- 1979
- Baths:
- MLS#:
- 20240060588
- Subdivision:
- SUPRVR'S PLAT NO 2 - VLG OF ROCH
View additional info
Courtesy: Keller Williams Realty-Great Lakes
586-541-4000
ADDITIONAL INFORMATION
Once in a generation opportunity in Rochester Michigan. This 5-unit flex building on highly desirable South Street with I-2 Zoning. In 10 years of ownership the buildings have always been occupied, with a low turnover of tenants and have never had to advertise. Each unit is about 2400 square feet and has an office and restroom as well as a shop area that also has a restroom (Approximately 400 sq ft of office and 2000 warehouse and two restrooms per unit). One unit has two overhead doors, and the others have one. Each unit has approximately 1600 sq feet of additional outside storage in the back of each unit. The units are fully leased with 200/year per unit of monthly rent increases baked into the leases. The tenants are all under triple net leases, which means they are fully responsible for their units and the taxes associated with them. The parking lot has been recently repaired and the roof has been replaced in phases during the last ownership. Ownership expenses are very low â?? outside repairs and taxes associate with the business. Two leases terminate at the end of 2025 and three terminate in February of 2027. The February 2027 leases have two one-year extensions built in with rent rate negotiated between ownership and tenant. At a 7.5 cap rate the rent increases baked into the leases will drive the building value about 150,000 per year starting in 2025. The total return on this investment at the asking price is double digits. Market rates on this property are between 8 and 10 per square foot. Current tenants rent is well below market rate. There is a significant opportunity to strategically manage this property to achieve better results by moving rates to market over the next few years. At market rent it is estimated the building value will exceed 1,500,000. Land contract terms possible - 800,000 minimum down payment.
$800,000
134 S MAIN Rochester, MI 48307
- Type:
- Industrial
- Sq.Ft.:
- 3,240
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.21 Acres
- Year built:
- 1919
- Baths:
- MLS#:
- 60319378
ADDITIONAL INFORMATION
PRIME LOCATION WITH THIS 3200 SQUARE FOOT SOLID BRICK BUILDING. OFFERING GREAT VISABILITY IN DOWNTOWN ROCHESTER, SECOND BUILDING NORTH OF CLINTON RIVER BRIDGE, FULL BASEMENT , ENDLESS POSSIBILITIES !! **LAND CONTRACT TERMS AVAILABLE**
$1,200,000
120 S MAIN Rochester, MI 48307
- Type:
- Industrial
- Sq.Ft.:
- 2,009
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.55 Acres
- Year built:
- 1919
- Baths:
- MLS#:
- 60290287
- Subdivision:
- ORIGINAL PLAT-ROCHESTER
ADDITIONAL INFORMATION
Development site in the heart of Downtown Rochester. Property does have an existing building on site. City desires redevelopment of the property. Zoning will not allow oil change or other similar auto use. Agent holds ownership position in property.
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.
The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. This IDX information is from the IDX program of RealComp II Ltd. and is provided exclusively 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. IDX provided courtesy of Realcomp II Ltd., via Xome Inc. and Realcomp II Ltd., copyright 2024 Realcomp II Ltd. Shareholders.
Rochester Real Estate
The median home value in Rochester, MI is $469,900. 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 $469,900. Approximately 61.84% of Rochester homes are owned, compared to 29.67% rented, while 8.49% 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 has a population of 13,048. Rochester is more family-centric than the surrounding county with 36.92% 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 is $100,021. 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 is 39.4 years.
Rochester Weather
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 15.7 degrees. The average rainfall is approximately 32.2 inches per year, with 32.7 inches of snow per year.