117-119 WALNUT Boulevard new Save Request In-Person Tour Request Virtual Tour
Rochester,MI 48307
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