62
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$7,340
3,391 SqFt
Active
127 W University DR Rochester, MI 48307
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Key Details
Property Type Commercial
Sub Type RealEstateOnly
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
Property Sub-Type RealEstateOnly
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 Area02152Rochester
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features OnStreet, ParkingStructure
Utilities Available UndergroundUtilities
View Y/N No
Roof Type Asphalt
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer
Water Public
New Construction No
Schools
High Schools Rochester
School District Rochester
Others
Senior Community false
Acceptable Financing TripleNetLease
Listing Terms TripleNetLease
Special Listing Condition Standard
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Listed by Deborah C Corey of Berkshire Hathaway HomeServices Kee Realty
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