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1600 Rochester Rd Troy, MI 48083-1831

OFF-MARKET Commercial real estate Google Maps
4,590 SF 0.32 ac lot Built 1977
Entity Owned 10-yr Hold Free & Clear
Estimated value (blended)
$310k
Range $279k – $341k (±10%)
Property ID US43-1043482

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1977
Total area 4,590 SF
Lot 0.32 ac (13,939 SF)
Zoning code B-3
APN 88-20-27-482-028
UPID US43-1043482

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
  • Electric Vehicle Charging Station
  • Electric Vehicle Charging Station
  • Electric Vehicle Charging Station
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.12M
Blend (final) Blend
$310k

Owner & transaction history

since 2016
4 recorded transactions
2016
Price N/A
2004
$433,000
2004
$360,000
1998
Price N/A

Zoning & alternative use

B-3 · Troy, MI

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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