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    2840 Rochester Rd Troy, MI 48083

    Sponsored
    For Sale
    $1,900,000

    20,000 SF, $1.9M, 1.8 Acres

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail investment opportunity encompasses two parcels totaling 1.8 acres and 20,000 square feet of commercial space, strategically located at 2840 and 2850 Rochester Road in Troy, Michigan, zip code 48083. The property's prime location within Oakland County offers excellent visibility and accessibility, making it an ideal site for a variety of retail businesses. The asking price for this substantial property is $1,900,000. The combined addresses, 2840 and 2850 Rochester Road, present a significant footprint for a single tenant or the potential for multiple tenants. The substantial lot size provides ample parking and potential for future expansion or development. This property presents a rare chance to acquire a well-positioned retail center in a thriving Michigan market. The property's size and location make it an attractive investment for both established businesses and new ventures seeking a strong foothold in the area. Detailed site plans and further information are available upon request. This is a turnkey opportunity to acquire a significant retail presence in a high-traffic area of Troy, Michigan. The property is ready for immediate occupancy or redevelopment, offering flexibility for a wide range of retail concepts.

    Property Features for 2840 Rochester Rd

    General Information

    Property type
    Retail properties
    Square Feet
    20,000 SF
    Lot Size
    78,408 SF

    HighLights

    • $1,900,000 asking price.
    • 20,000 square foot retail property.
    • 1.8‑acre lot size.
    • Located at 2840 & 2850 Rochester Rd, Troy, MI 48083.
    • Commercial property in Oakland County, Michigan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1288635
    Latitude
    42.5616233

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    FAQs

    What type of property is this?
    Retail property - 20,000 SF, $1.9M, 1.8 Acres
    Where is this retail property located?
    The property is located at 2840 Rochester Rd Troy, MI.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: $1,900,000 asking price.; 20,000 square foot retail property.; 1.8-acre lot size.
    (248) 351-4367
    Request Owner's contact information
    2840 Rochester Rd Troy, MI 48083
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    Troy, MI 48083
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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
    2840 Rochester Rd Troy, MI 48083
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