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Financial
Distress signals
Property profile

116 Terry Ave Rochester, MI 48307

FOR LEASE
Office buildings
Property ID
US43-0096958
4,678 SF 0.25 ac lot Built 1988
Last sale Mar 2026 · $1,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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116 Terry Ave, Rochester, MI 48307 For Lease 1 / 2
Contact for pricing
116 Terry Ave, Rochester, MI 48307
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Property summary

AI-generated overview

A well-maintained first-floor office suite configured for professional use, featuring a private entrance and a private bathroom. The suite includes lighted signage facing Rochester Rd for business visibility. Located in downtown Rochester within a professional office setting, the space is surrounded by established long-term tenants and is arranged to support day-to-day office operations. The suite is set up as a self-contained floor plan with dedicated restrooms, and it is designed for use under a gross-lease structure in which gas, water, and electric are included.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value · 2024$269k
Effective rate3.36%

Value estimate

· Oct 2026
$210k
$189k – $231k
Submarket $/SF estimate$676k

Realmo valuation models over county records and 21 qualifying comparable sales.

Recently sold

What actually traded nearby?
$117/SF
County average, outlier-cleaned · 427 recorded sales of this use type
Observed band · Q1–Q3$71 – $167
Qualifying comparables21

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BI
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Smoke and Vape Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Smoke and Vape Shop9.1
Catering Service8.6
Home Appliance Store8.5

Location

116 Terry Ave Rochester, MI 48307
County assessor Recorded deeds · 5 transfers 21 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
300 Main, Rochester, MI 48307-2030 $1,196,250 Apr 2025 4,850 SF
130 Walnut, Rochester, MI 48307-2081 $500,000 Jan 2025 1,853 SF
429 Main, Rochester, MI 48307-2036 $1,900,000 Aug 2022 11,430 SF
827 Main, Rochester, MI 48307-1435 $575,000 Dec 2021 1,999 SF
414 Ee, Rochester, MI 48307-2016 $950,000 Sep 2021 4,658 SF
324 Ee, Rochester, MI 48307-2013 $350,000 Feb 2019 2,356 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $990,000
    4,850 SF
    300 Main St
    OFFICE BUILDING
    300 Main St, Rochester, MI 48307-2030
    View Details
  • Value Estimation
    $675,000
    4,450 SF
    410 University Dr
    OFFICE BUILDING
    410 University Dr, Rochester, MI 48307-1938
    View Details
  • Value Estimation
    $795,000
    5,243 SF
    318 Ee St
    OFFICE BUILDING
    318 Ee St, Rochester, MI 48307-2013
    View Details
  • Value Estimation
    $870,000
    5,743 SF
    1235 Main St
    OFFICE BUILDING
    1235 Main St, Rochester, MI 48307-1187
    View Details
  • Value Estimation
    $915,000
    6,020 SF
    919 University Dr
    OFFICE BUILDING
    919 University Dr, Rochester, MI 48307-6905
    View Details
  • Value Estimation
    $960,000
    6,319 SF
    722 University Dr
    OFFICE BUILDING
    722 University Dr, Rochester, MI 48307-1851
    View Details

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  • New
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  • $1,795,000
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    Renovated Rochester Hills Office Building
    Two-story, 9,637 SF medical/professional office building for sale.
    2708 S Rochester Rd, Rochester Hills, MI 48307
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Similar Nearby for Lease

  • Contact for pricing
    4,278 sqft
    Office Building with Ample Parking
    Well-maintained office building on South Rochester Road with ample parking and customizable floor plans.
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  • Contact for pricing
    170 sqft
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  • New
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    View Details
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116 Terry Ave, Rochester, MI, 48307
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