$650,000 for Sale
117-119 walnut, rochester, MI 48307
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.
General Information
Sale Price: $650,000
Price/SqFt: $325
Status: Active
MLS#: 50187489
City: rochester
Post Office: rochester
County: Oakland
Acres: 0.09
Lot Dims: 3659
Size: 2,000 sq.ft.
Acreage: 0.09 est.
Year Built: 1997
Property Type: Commercial/Industrial
Style:
Tax, Fees & Legal

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Listing By: Tariq Herish of Brookstone, Realtors LLC, Phone: 248-963-0505