Rochester, MI 48307,127 W University Drive
Rochester, MI 48307,127 W University Drive
Rochester, MI 48307,127 W University Drive
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$7,340
3,391 SqFt
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Key Details

Property Type Commercial

Sub Type Real Estate Only

Listing Status Active

Purchase Type For Rent

Square Footage 3,391 sqft

Subdivision Original Plat-Rochester

MLS Listing ID 20251029408

Year Built 1902

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 72.7X65

Property Sub-Type Real Estate Only

Source Realcomp II Ltd

Property Description

Excellent opportunity to be part of Downtown Rochester and have ideal exposure to the Greater Rochester community. Totally updated throughout in 2015, this two-story building is located in the heart of downtown Rochester facing both University and Walnut Street. Rochester Public parking structure is conveniently located next to the building. Currently used for an insurance company, this facility is also designed for any kind of office environment. Perfect for insurance, financial planning and financial services, real estate, title company, property mgmt., service-related businesses -- the list of opportunities is endless. Lease is a triple net lease with monthly rent at $7340/mo. with annual cost of living increases, plus $2,115/mo. which inc. the following expenses: snow and grass care, insurance, property taxes, exterior maintenance. Tenant can pay these expenses, or owner/landlord will collect the $2,115/mo. with the monthly rent and pay the expenses. Preferred lease term is a minimum of 36-60 months. Tenant pays all utilities. Building has 2 floors with 2 furnaces and zoned heat. First floor is 1950 sq. ft. and 2nd floor is 1441 sq. ft. First floor includes the following: 5 private offices, men & women's bathrooms, 2 conference rooms, kitchen, receptionist area, 22x13 common area for additional work stations. Second floor includes: 4 offices with room for multiple workstations in each, 1 bathroom, 16x16 common area with fireplace for waiting rm./clients, receptionist/additional workstations or conference rm. Building has welcoming 39x8 composite covered porch with handicap ramp. There are very few buildings in Rochester that have been renovated to the extent of this building and also offer the public exposure every business owner desires. Building is currently 100% leased and will be available for occupancy to the new tenant on April 1, 2026.

Location

State MI

County Oakland

Area Rochester

Zoning Commercial,Multiple,Office

Direction S of University, E of Walnut

Interior

Hot Water Natural Gas

Heating Forced Air

Exterior

Utilities Available Security Alarm, Smoke Alarm, Circuit Breakers

Roof Type Asphalt

Accessibility Accessible Approach with Ramp, Common Area

Road Frontage Paved

Building

Foundation Basement

Sewer Sewer (Sewer-Sanitary)

Water Public (Municipal)

Level or Stories 2 Story

Structure Type Aluminum

Schools

School District Rochester

Others

Tax ID 681515228026

Ownership Private Owned

Acceptable Financing Triple Net Lease

Rebuilt Year 2015

Listing Terms Triple Net Lease

Financing Triple Net Lease

Special Listing Condition Full Service


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Realcomp MLS
Listed by Deborah C Corey of Berkshire Hathaway HomeServices Kee Realty

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agent

Matthew Stransky

Team Owner | License ID: 327649

+1(248) 765-8788

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127 W University Drive