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$ 650,000
Est. payment | /mo
2,000 SqFt
$ 650,000
Est. payment | /mo
2,000 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $325
Municipality Rochester
Subdivision Rochester
MLS Listing ID 50187489
Year Built 1997
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Industrial
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 Oakland County - 70
Zoning Professional Office
Interior
Heating Forced Air
Cooling Central Air
Exterior
View Y/N No
Building
Sewer Public
Structure Type Brick
Listed by Brookstone, Realtors LLC
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Jeffrey Northouse
REALTOR® | Lic# 6501236995