311 University DrRochester, MI 48307

Property Details for 311 University Dr

Year built

2020

Lot size

0.17 AC

Property size (Sq ft)

3,470 SF

Zone code

BI

Property type

Office buildings

APN

68-15-15-226-003

APU

681515226003

Description

This exceptional mixed-use property, situated at 311 W University in Rochester, Michigan, presents a compelling investment opportunity. Boasting 4,350 square feet on a 0.17-acre lot, this building offers significant potential for a variety of uses, including retail and office spaces. Its prime location in the heart of Rochester's vibrant downtown ensures high visibility and strong foot traffic, making it an ideal location for businesses seeking maximum exposure. The property benefits from easy access to major roadways, enhancing its accessibility and convenience for both employees and customers. The thriving downtown district and growing local economy provide a strong foundation for immediate income generation and long-term property value appreciation. The flexible floor plan allows for adaptation to suit diverse tenant needs, maximizing rental income potential. This is a rare chance to acquire a valuable asset in a highly desirable Michigan community, offering a blend of immediate returns and future growth prospects. The asking price is $1,599,000. This property is well-suited for investors seeking a strong return on investment in a dynamic and growing market. Its strategic location and adaptable space make it a truly unique opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $721,709

  6.5%

  $666,193

  7%

  $618,608

• Comparable approach

  Method

  Valuation

  Relative Method

  $324,584

  Geo Method

  $324,584

• Alternative Use

  Use

  Valuation

  Residential

  $826,080

  Hospitality

  $756,684

  Educational

  $629,553

  Medical

  $651,204

  Retail

  $979,304

Location Insight

City

Rochester

County

Oakland

State

Michigan

Latitude

42.6817

Longitude

-83.1368

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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