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$720,000
Est. payment /mo
2,315 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 2,315 sqft
Price per Sqft $311
Municipality Rochester
Subdivision Rochester
MLS Listing ID 20261038007
Year Built 1901
Annual Tax Amount $12,852
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 86X145.5
Source Realcomp
Property Description
Situated on a rare double lot just blocks from Downtown Rochester and only three blocks from Rochester Municipal Park, this uniquely versatile property offers an exceptional opportunity for office, mixed-use, or residential conversion. Originally remodeled in 2016 by renowned commercial architectural firm Designhaus, the building blends professional functionality with upscale residential potential in one of Rochester's most desirable neighborhoods surrounded by multi-million-dollar homes. Currently configured for administrative and professional office use, the property is occupied by a small real estate company and loan offices, featuring flexible layouts that could easily accommodate a variety of business operations. The first and second levels each offer independent climate control with two furnaces and two A/C units for efficient comfort and utility management. The property includes two half baths, ample on-site parking with 13 spaces, and the option for a buyer to retain the existing first-floor office tenant generating $850 per month in rental income.For buyers seeking residential possibilities, the structure offers tremendous conversion potential. Existing false walls can be reconfigured to create a custom bedroom layout and living space design, with room to add a shower or full bath configuration as desired.An ideal opportunity for investors, owner-users, or buyers seeking a distinctive live/work property in a premier Rochester location.
Location
State MI
County Oakland
Zoning Office,Residential
Direction Head east on University DrThen North on Ludlow Ave
Rooms
Basement Basement
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Foundation Stone
Water Public
Structure Type Aluminum Siding
Schools
School District Rochester
Others
Tax ID 1510454015
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Listed by Andrews Realty Group
Nearby School & Business
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