117-119 WALNUT BLVD Active Save Request In-Person Tour Request Virtual Tour
Rochester,MI 48307
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $325
MLS Listing ID 58050187489
Year Built 1997
Property Sub-Type RealEstateOnly
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 Area02152Rochester
Interior
Heating ForcedAir, NaturalGas
Cooling CentralAir, Other
Exterior
Parking Features Other
Utilities Available ElectricityAvailable, NaturalGasConnected
View Y/N No
Roof Type Shingle
Building
Foundation Slab
Sewer PublicSewer
Water Public
Schools
School District Rochester
Others
Acceptable Financing Cash, GrossLease, Other, TripleNetLease
Listing Terms Cash, GrossLease, Other, TripleNetLease
Special Listing Condition CorporateRelocation, ShortSaleNo