62
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$7,340
3,391 SqFt
Active
127 W University Drive Rochester, MI 48307 1940
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Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Rent
Square Footage 3,391 sqft
Subdivision Mi
MLS Listing ID 60930403
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 72.7X65
Property Sub-Type Commercial/Industrial
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 (63152)
Zoning Mixed Use,Professional Office,Commercial
Interior
Heating Forced Air
Exterior
Roof Type Asphalt
Building
Foundation Basement
Water Public Water
Structure Type Log
Others
Ownership Private
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Berkshire Hathaway HomeServices Kee Realty
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