2370 Walton BlvdRochester Hills, MI 48309

  • Commercial real estate
  • 9,035 SF
For Sale
$1,800,000 View listing

Property Details for 2370 Walton Blvd

Year built
1967
Lot size
1.51 AC
Property size (Sq ft)
9,035 SF
Zone code
BI
Property type
Commercial real estate
APN
70-15-08-451-049
APU
701508451049

Description

This exceptional two-story medical office building, located at 2370 Walton Blvd in Rochester Hills, Michigan, presents a unique investment opportunity. Boasting 9,035 square feet on a 1.51-acre lot (APN 70-15-08-451-049), the property features two units, ideally suited for continued medical use and potential daycare expansion. Built in 1967 and extensively renovated in 2020, the building is zoned for office use and offers ample parking with direct access to both the upper-level medical practice and the ground-floor daycare. The well-established pediatric medical practice currently occupies the upper level and is prepared to sign a long-term lease, ensuring consistent income. The daycare center on the first floor is in the process of being sold to a new operator, providing further investment potential. This property offers a blend of established income and future growth opportunities in a desirable location within Oakland County, Michigan, with a zip code of 48309. The asking price is $1,800,000. This is a rare chance to acquire a turnkey medical office building with significant upside potential. The property's strong location and recent renovations make it an attractive investment for both seasoned and new investors in the healthcare sector.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,770,357
    Hospitality
    $1,621,638
    Educational
    $1,349,184
    Medical
    $1,395,584
    Retail
    $2,098,730
2370 Walton Blvd, Rochester Hills, Michigan

Location Insight

City
Rochester Hills
County
Oakland
State
Michigan
Latitude
42.6815
Longitude
-83.1808
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
2022
$18,264
-
-
$433,700
-
-
-
$867,400

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