4
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$650,000
Est. payment /mo
2,000 SqFt
New
117-119 WALNUT Boulevard Rochester, MI 48307
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Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $325
MLS Listing ID 50187489
Year Built 1997
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 3659
Property Sub-Type Commercial/Industrial
Property Description
Walnut Center - 117-119 Walnut Blvd Rochester, MI 48307 Explore an exceptional investment opportunity at Walnut Center in the heart of Downtown Rochester, Michigan. This multi-tenant office building is 100% occupied, boasting stable income with a Net Operating Income of $39,905. With long-term tenants locked in until 2028 and 2029, enjoy a hassle-free investment with minimal landlord responsibilities. The property features a brand-new parking lot and benefits from high traffic counts of over 40,000 vehicles per day. Situated in a prime location surrounded by retail, residential areas, and major national tenants, Walnut Center offers a lucrative investment in a thriving market. Take advantage of the strong lease terms with annual rent increases guaranteeing a solid return on your investment. Don't miss this opportunity to own a strategic piece of real estate in a bustling area, where the median household income within a one-mile radius is $117k. Invest in Walnut Center today and secure your future in the vibrant market of Detroit.
Location
State MI
County Oakland
Area Rochester (63152)
Zoning Professional Office
Interior
Heating Forced Air
Cooling Central A/C, HVAC
Exterior
Parking Features 6-10 Spaces
Roof Type Shingles
Building
Foundation Slab
Water Public Water
Structure Type Brick,Brick Front,Shingle
Others
Ownership LLC
SqFt Source Public Records
Energy Description Natural Gas
Financing Cash,Commercial Loan
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Brookstone, Realtors LLC
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