406 Main St Rochester, MI 48307-2031

Property Details for 406 Main St

Year built

1901

Lot size

0.07 lot acres

Property size

3,144 SF

Zone code

BI

Property type

Retail space

APN

68-15-14-101-008

APU

681514101008

Description

This exceptional mixed-use property, located at 406 S Main St in Rochester, Michigan, presents a compelling investment opportunity. The 3,350 square foot building boasts a premium retail location with 20 feet of street frontage, currently generating strong rental income. The ground floor offers versatile retail space, commanding an average rent of $33 per square foot. Upstairs, two residential units provide additional income streams: a two-bedroom unit rented month-to-month for $900 (tenanted for 20 years) and a three-bedroom unit currently rented for $1595 (tenants until October). The building sits on a 0.1610-acre lot and includes a total of 5,964 square feet of building space. Significant upgrades have been completed within the last five years, including roof and electrical panel replacements, minimizing future maintenance expenses. This well-maintained property offers stable rental income and substantial growth potential, making it an ideal addition to any investment portfolio. The asking price is $1,099,000. The property is zoned for mixed-use and is situated in the vibrant downtown Rochester area. This is a rare opportunity to acquire a turn-key investment property in a highly desirable location.

Location Insight

City

Rochester

County

Oakland

State

Michigan

Longitude

-83.1333

Latitude

42.681

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments