1600 Rochester RdTroy, MI 48083

  • Other commercial real estate
  • 4,590 SF
For Sale
$1,350,000 View listing

Property Details for 1600 Rochester Rd

Year built
1977
Lot size
0.32 AC
Property size (Sq ft)
4,590 SF
Zone code
B-3
Property type
Other commercial real estate
APN
88-20-27-482-028
APU
882027482028

Description

This turnkey restaurant opportunity at 1600 Rochester Road in Troy, Michigan, presents a compelling investment prospect. The 4,500 square foot building sits on a 0.42-acre lot and boasts a prime location at the northeast corner of Maple and Rochester Roads, offering excellent visibility and accessibility. The property includes 25 parking spaces and benefits from two curb cuts on both Maple and Rochester Roads. The building's strategic location provides easy access to major thoroughfares including Woodward Avenue, I-75, and Big Beaver Road, placing it within a vibrant trade area encompassing retail, office, industrial, and residential communities. The interior features a fully equipped kitchen and all furniture, fixtures, and equipment (FF&E) are included in the sale price of $1,350,000. The building is further enhanced by a 4,500 square foot basement, providing ample additional space. The HVAC system comprises three 5-ton units and one 10-ton unit. A Class C liquor license is also available. The property is zoned (MR) Maple Road. This exceptional offering presents a rare chance to acquire a well-established restaurant with significant potential for growth in a high-demand location.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,092,710
    Hospitality
    $1,000,917
    Educational
    $832,751
    Medical
    $861,391
    Retail
    $1,295,391
1600 Rochester Rd, Troy, Michigan
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Location Insight

City
Troy
County
Oakland
State
Michigan
Latitude
42.549
Longitude
-83.1318
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$11,852
-
-
$430,560
-
-
-
$861,120

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