$650,000

117-119 WALNUT Boulevard, Rochester, MI 48307

  • 2,000 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1997
  • Property Lot Size Icon3,920sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $325/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Walnut Center - 117-119 Walnut Blvd Rochester, MI 48307 Explore an exceptional investment opportunity at Walnut Center in the heart of Downtown Rochester, Michigan. This multi-tenant office building is 100% occupied, boasting stable income with a Net Operating Income of $39,905. With long-term tenants locked in until 2028 and 2029, enjoy a hassle-free investment with minimal landlord responsibilities. The property features a brand-new parking lot and benefits from high traffic counts of over 40,000 vehicles per day. Situated in a prime location surrounded by retail, residential areas, and major national tenants, Walnut Center offers a lucrative investment in a thriving market. Take advantage of the strong lease terms with annual rent increases guaranteeing a solid return on your investment. Don't miss this opportunity to own a strategic piece of real estate in a bustling area, where the median household income within a one-mile radius is $117k. Invest in Walnut Center today and secure your future in the vibrant market of Detroit.

Listing Status:
Active
Listing Office:
Brookstone, Realtors LLC : 2489630505
Listing Agent:
Tariq Herish : 8104599217
MLS ID:
58050187489
  • A/C: Central airOther
  • Heating: Forced airNatural gas
  • Parking: Other
  • Roofing: Shingle
  • General: BrickBrick veneerShingle sidingSlab
  • Road/Access: Class b
  • Originating MLS: MiRealSource
  • School District: Rochester
  • County: Oakland
  • Zoning: T3NR11ESEC 15 SUPERVISOR'S PLAT NO 4 PART OF LOT 146 BEG AT PT DIST N 00-26-20 E 162.39 FT & N 89-33-40 W 75.04 FT FROM SE COR OF LOT 145TH N 00-26-58 W 61.32 FTTH S 89-32-44 W 60 FTTH S 00-27-16 E 60.39 FTTH S 89-33-40 E 60 FT TO BEG 12-22-00 FR 048681515276072
  • Utilities: Electricity availableNatural gas connected
  • Water: Public
  • Sewer: Public sewer
  • Source: MiRealSource

This listing courtesy of Tariq Herish, Brookstone, Realtors LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

McGregor Elementary School

1101 1st St, Rochester, MI, 48307

Grades PK-5

0.65 miles away

H

Hart Middle School

6500 Sheldon Rd, Rochester Hills, MI, 48306

Grades 6-8

1.71 miles away

R

Rochester High School

180 S Livernois Rd, Rochester Hills, MI, 48307

Grades 9-12

1.00 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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