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    118 3Rd St Rochester, MI 48307

    Sponsored
    For Sale
    $564,900

    Established Tea House, High Foot Traffic, Downtown Rochester

    Property size:
    1,450 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 1,450 square foot industrial property, situated on a 0.12-acre lot at 118 W 3RD in downtown Rochester, Michigan, presents a unique investment opportunity. Currently operating as a well-established tea house, this beloved local business enjoys a prime location within walking distance of numerous shops, restaurants, and community attractions, ensuring consistent foot traffic and strong brand recognition. The property's inviting ambiance and established clientele create a solid foundation for continued success. The building itself offers ample space for both customer seating and operational needs, making it suitable for a variety of uses beyond its current configuration. The sale price is $564,900. This is a rare chance to acquire a thriving business in a vibrant and desirable downtown area, offering significant potential for growth and return on investment. The property's location within the bustling heart of Rochester provides excellent visibility and accessibility, making it an attractive proposition for both established businesses and new ventures. The existing infrastructure and established customer base minimize the initial investment required to begin operations, making this an exceptionally attractive opportunity for a discerning buyer. The property's strong location and current operational success make it a highly desirable asset in the competitive Rochester commercial real estate market.

    Property Features for 118 3Rd St

    General Information

    Property type
    Industrial properties
    Square Feet
    1,450 SF
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1919
    Location Intelligence

    Current Use by Public Records

    La Premier Catering Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Oakland
    State
    Michigan
    Longitude
    -83.13477
    Latitude
    42.67955

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    FAQs

    What type of property is this?
    Industrial property - Established Tea House, High Foot Traffic, Downtown Rochester
    Where is this industrial property located?
    The property is located at 118 3Rd St Rochester, MI.
    What is the asking price?
    The asking price for this property is $564,900.
    (248) 651-1200
    Request Owner's contact information
    118 3Rd St Rochester, MI 48307
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    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
    118 3Rd St Rochester, MI 48307
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