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    FOR SALE
    Office buildings

    311 W University Dr, Rochester, MI 48307

    3,470 SF 0.17 ac lot Built 2020
    Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-0521246
    Property summary
    AI-generated overview

    This exceptional mixed-use property, situated at 311 W University in Rochester, Michigan, presents a compelling investment opportunity. Boasting 4,350 square feet on a 0.17-acre lot, this building offers significant potential for a variety of uses, including retail and office spaces. Its prime location in the heart of Rochester's vibrant downtown ensures high visibility and strong foot traffic, making it an ideal location for businesses seeking maximum exposure. The property benefits from easy access to major roadways, enhancing its accessibility and convenience for both employees and customers. The thriving downtown district and growing local economy provide a strong foundation for immediate income generation and long-term property value appreciation. The flexible floor plan allows for adaptation to suit diverse tenant needs, maximizing rental income potential. This is a rare chance to acquire a valuable asset in a highly desirable Michigan community, offering a blend of immediate returns and future growth prospects. The asking price is $1,599,000. This property is well-suited for investors seeking a strong return on investment in a dynamic and growing market. Its strategic location and adaptable space make it a truly unique opportunity.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2020
    Total area 3,470 SF
    Lot 0.17 ac (7,405 SF)
    Zoning code BI
    APN 68-15-15-226-003
    UPID US43-0521246
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Tide Cleaners (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $578k
    Blend (final) Blend
    $525k
    Owner & transaction history
    Nola 311 LLC · 6 yrs held
    Nola 311 LLC
    since 2020
    6 recorded transactions
    2020
    2020
    2019
    1969
    1969
    1969
    Zoning & alternative use
    BI · Rochester, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $585,000 +43.9%
    Medical building $550,000 +34.6%
    Auto repair, garage $425,000 +4.5%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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