1600 Rochester Rd Troy, MI 48083-1831
- Commercial real estate
- 4,590 SF
- 0.32 lot acres
Current Use by Public Records
- Shell Recharge Charging Station / Electric Vehicle Charging Station
- Electric Vehicle Charging Station / Electric Vehicle Charging Station
- EV Connect Charging Station / Electric Vehicle Charging Station
- Lebanese Grill Troy / Restaurant
Property Details for 1600 Rochester Rd
- Year built
- 1977
- Lot size
- 0.32 lot acres
- Property size
- 4,590 SF
- Zone code
- B-3
- Property type
- 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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,118,000
- AI Estimate
- $1,118,000
Market price range: $628k - $1.12MMarket price range: $628k - $1.12M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $825,000 Current use
- RETAIL STORES
- $775,000 Change: -6% Conversion: Easy
- MEDICAL BUILDING
- $725,000 Change: -12% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1318
- Latitude
- 42.549
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA