For Sale
$949,000

18600 Florence St Roseville, MI 48066

14,012 SF Office, Multi-Tenant, Great Location

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a two-story, 14,012 square foot Class C office building situated at 18600 Florence St, Roseville, MI 48066. The property, built in 1972 and zoned C, boasts a gross lease structure and features a convenient elevator. The building includes a substantial 4,576 square feet of usable basement space, adding significant potential. Currently, 872 square feet is available for lease, presenting an immediate income stream. Further expansion is possible, making this an ideal owner-user or value-add investment. The property benefits from immediate access to major thoroughfares, I-94 and I-696, ensuring excellent accessibility. A significant upgrade was completed in 2022 with the installation of a new roof. The asking price is $949,000, translating to $67.73 per square foot. The property's APN is 08-14-17-232-024. This multi-tenant building offers a compelling opportunity for investors seeking a strong return in a desirable location. The existing lease structure and potential for additional leasing income, coupled with the recent roof replacement, make this a low-risk, high-reward investment. The ample basement space provides further flexibility for expansion or alternative uses. Don't miss this chance to acquire a well-located, established office building in the thriving Roseville market.

Highlights

  • $949,000 asking price for a 14,012 square foot office building.
  • Class C, multi-tenant, gross lease office building.
  • Located at 18600 Florence St, Roseville, MI 48066.
  • Features 4,576 square feet of usable basement space and 872 square feet currently available for lease.
  • Two-story building with an elevator, built in 1972, with a new roof installed in 2022.
  • Excellent location with immediate access to I-94 and I-696.

Property Details for 18600 Florence St

Property type
Office properties
Square Feet
14,012 SF
Class
C
Year Built
1972
Stories
2

Location Insight

City
Roseville
County
Macomb
State
Michigan
Latitude
42.507041448319
Longitude
-82.929073380314

FAQs

What type of property is this?
Office property - 14,012 SF Office, Multi-Tenant, Great Location
Where is the office property located?
The property is located at 18600 Florence St Roseville, MI.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: $949,000 asking price for a 14,012 square foot office building.; Class C, multi-tenant, gross lease office building.; Located at 18600 Florence St, Roseville, MI 48066.
How can I contact the broker?
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18600 Florence St
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