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    311 University Dr Rochester, MI 48307

    Sponsored
    For Sale
    $1,699,000

    4,350 SF Mixed-Use, Vacant

    Property size:
    4,350 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,350-square-foot mixed-use property, located at 311 W University Dr in Rochester, Michigan (48307), presents a compelling investment opportunity. Currently vacant, this flex space offers immense potential for a variety of uses, catering to both retail and office tenants. The property is listed at $1,699,000 and is classified as industrial and mixed-use. The building's flexible layout allows for customization to suit diverse business needs. Its strategic location in Oakland County provides excellent access to major transportation routes and a thriving local economy. The property is offered on a triple net lease (NNN) basis, with a single tenant occupancy history. This presents a unique chance to acquire a versatile asset in a desirable Michigan location. The asking price reflects a competitive value within the current market. Detailed financial information and property specifics are available upon request. Serious inquiries are encouraged to explore the full potential of this investment opportunity. This is a multi-tenant property, currently vacant, and ready for immediate occupancy by a new owner. The property's size and location make it an attractive prospect for a range of businesses seeking a presence in the vibrant Rochester community.

    Property Features for 311 University Dr

    General Information

    Property type
    Flex space
    Square Feet
    4,350 SF

    HighLights

    • 4,350‑square‑foot mixed‑use building at 311 W University Dr, Rochester, MI 48307.
    • Currently vacant, offering flexible space for retail or office use.
    • Listed at $1,699,000, classified as industrial and mixed‑use.
    • Triple net (NNN) lease; previously single‑tenant occupancy.
    • Excellent location in Oakland County with easy access to major transportation routes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tide Cleaners Dry Cleaner

    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
    -83.1367511
    Latitude
    42.6818549

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    FAQs

    What type of property is this?
    Flex space - 4,350 SF Mixed-Use, Vacant
    Where is this flex space located?
    The property is located at 311 University Dr Rochester, MI.
    What is the asking price?
    The asking price for this property is $1,699,000.
    What are key features of this property?
    This property features: 4,350-square-foot mixed-use building at 311 W University Dr, Rochester, MI 48307.; Currently vacant, offering flexible space for retail or office use.; Listed at $1,699,000, classified as industrial and mixed-use.
    Request Owner's contact information
    311 University Dr 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
    311 University Dr Rochester, MI 48307
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