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    321 W University Dr Rochester, MI 48307

    Under Contract
    For Sale
    $579,900

    Commercial/Industrial - Rochester, MI

    Property size:
    1,829 SF
    Lot size:
    0.13 Acres
    Days on Market:
    27
    Last Refresh:
    Dec 6 at 5:06 pm

    Property Features for 321 W University Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Other
    APN
    68-15-15-226-001
    Parking features
    Parking Lot
    Exterior features
    Wheelchair Access
    Accessibility
    Accessible Approach with Ramp
    Size
    1,829 SF
    Lot size
    0.13 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1939
    Roof type
    Asphalt
    Architectural style
    Other

    Real Estate One of Michigan (586) 200-1972 [email protected]

    Listing agent Thomas Zibkowski (586) 200-1972 License #6501186298

    Listing date Nov 10, 2025

    MLS# 50192872 Listing URL

    Copyright © 2025 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Rochester Mixed-Use Property

    This property in downtown Rochester features a mix of commercial and residential space. The first floor is designed for small business office or retail use and includes two private offices, a reception area, a storage room, a bathroom, and a finished basement with an additional half bath. The property also includes a one-bedroom apartment upstairs. Parking is available for up to eight cars. Located on the southwest corner of University and Oak Street, the property benefits from a prominent location. The building is in excellent condition, with a new roof installed in 2017. The property is situated in the DE-1 Downtown Edge-1 District, which allows for a variety of uses. Current tenants are on a month-to-month basis. The property is subject to an annual holiday lighting assessment of $457. The property size is 1,829 square feet and the lot size is 0.13 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tony Abate - Ross ... Mortgage Lender

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1371393
    Latitude
    42.6817846

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    FAQs

    What type of property is this?
    Retail space - Office/retail space with apartment in excellent downtown location.
    Where is this retail space located?
    The property is located at 321 W University Dr Rochester, MI.
    What is the asking price?
    The asking price for this property is $579,900.
    What are key features of this property?
    This property features: - Prime downtown Rochester location at the southwest corner of University and Oak Street.; - Versatile DE-1 Downtown Edge-1 District zoning allows for a variety of business uses.; - Includes both a commercial office/retail space and a separate 1-bedroom apartment.
    (586) 200-1972
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    321 W University Dr Rochester, MI 48307
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    321 W University Dr Rochester, MI 48307
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