205 Main StRochester, MI 48307

For Sale
$300,000 View listing
  • Retail space
  • 6,414 SF

Property Details for 205 Main St

Year built
1986
Lot size
0.31 AC
Property size (Sq ft)
6,414 SF
Zone code
BI
Property type
Retail space
APN
68-15-15-235-011
APU
681515235011

Description

This exceptional retail and restaurant opportunity in Rochester, Michigan, presents 6,377 square feet of vacant space across multiple units within the Pure Green Portfolio. Located at 205 S Main St and 2685 S Rochester Rd, this property offers high visibility and accessibility in a thriving commercial area of Oakland County. The flexible space allows for various configurations, with individual units ranging from a minimum of 800 square feet to a maximum contiguous space of 2,113 square feet. This makes it ideal for a variety of businesses, from smaller boutiques to larger restaurants or retail establishments. The property's location in the heart of Rochester provides excellent access to a strong customer base and ample foot traffic. The address is conveniently situated at 205 S Main St and 2685 S Rochester Rd, Rochester, MI 48307. This is a unique chance to secure a prominent presence in a desirable Michigan market. All 6,377 square feet are currently vacant and ready for immediate occupancy. The property is classified as commercial, with a retail and restaurant designation. This presents a rare opportunity to establish a strong foothold in a vibrant and growing community. The property's size and layout offer significant potential for customization to suit individual business needs. Contact us today to learn more about this exciting opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,961,007
    6.5%
    $1,810,160
    7%
    $1,680,863
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,511,913
    Geo Method
    $1,511,913
  • Alternative Use

    Use
    Valuation
    Residential
    $1,526,938
    Hospitality
    $1,398,667
    Educational
    $1,163,674
    Medical
    $1,203,695
    Retail
    $1,810,160
205 Main St, Rochester, Michigan

Location Insight

City
Rochester
County
Oakland
State
Michigan
Latitude
42.6784
Longitude
-83.1342
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,974
-
-
$683,030
-
-
-
$1,366,060

FAQs

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