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Realty Executives Showcase Commercial

showcasecommercial@realtyexecutives.com +1(586) 726-4600

$ 650,000

Est. payment -/mo

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117-119 WALNUT Boulevard Rochester, MI 48307

2,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Real Estate Only

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $325

MLS Listing ID 58050187489

Year Built 1997

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 3659

Property Sub-Type Real Estate Only

Source MiRealSource

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

Zoning Office

Interior

Hot Water Natural Gas

Heating Forced Air, Central Air

Heat Source Natural Gas

Exterior

Utilities Available Smoke Alarm, Fire Sprinkler

Roof Type Shingle

Road Frontage Class B

Building

Foundation Slab

Sewer Sewer (Sewer-Sanitary)

Water Public (Municipal)

Additional Building Other

Structure Type Brick,Brick Veneer,Shingle Siding

Schools

School District Rochester

Others

Tax ID 681515276072

Ownership Corporate/Relocation,Short Sale - No

Acceptable Financing Cash, Gross Lease, Other, Triple Net Lease

Listing Terms Cash, Gross Lease, Other, Triple Net Lease

Financing Cash,Gross Lease,Other,Triple Net Lease

Special Listing Condition Full Service

Listed by Tariq Herish of Brookstone, Realtors LLC

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Realty Executives Showcase Commercial

+1(586) 726-4600

showcasecommercial@realtyexecutives.com