Property profile

210 University Dr Rochester, MI 48309

OFF-MARKET
Office Spaces
25,000 SF 0.82 ac lot Built 1962
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Property summary

AI-generated overview

This exceptional 1,800-square-foot coworking space is situated in a historic, renovated building (2022) at 210 W University Dr, Rochester, MI 48309. The building, totaling 25,000 square feet, sits on a 0.82-acre lot at the high-traffic intersection of University and Pine Streets, boasting over 40,000 vehicles daily on University and 38,000 on Main Street (per MDOT). The space features 12 private offices, a conference area, and a coffee bar, ideal for a variety of businesses. The property is zoned BI and offers ample parking with two on-site lots, plus street parking and nearby city options, totaling 100 spaces. The two-story building includes an elevator and is ADA accessible. This single-tenant space, built in 1962, presents a unique opportunity for businesses seeking a prime location with high visibility. Lease terms are for 3 years, gross lease plus electric. Current tenants include Berkshire Hathaway Kee Realty and Updog Yoga. The space is adaptable for various uses beyond office space, including service and retail. This is a rare chance to establish your business in a vibrant, well-connected area with excellent accessibility and parking.

Property profile

Verified
Property type Office Spaces
Year built 1962
Total area 25,000 SF
Lot 0.82 ac (35,719 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Psychotherapist
  • Real Estate Agency
  • Alternative Medicine Practice Spa & Massage Center
  • Real Estate Agency
  • Gym & Fitness Center

Location

210 University Dr Rochester, MI 48309
Rochester metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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