Office Vacant-User

115 Walnut Boulevard

115 Walnut Blvd, Rochester, MI 48307

Listing Price: $800,000

Gross SF
2,904
Rentable SF
2,904
Price/Gross SF
$275.48
Lot Size
0.11 acres
Year Built
1900

Investment Overview

Marcus & Millichap is pleased to present 115 Walnut Boulevard in Downtown Rochester, Michigan. 2900 square feet with onsite dedicated parking. Ideal for medical, general office or retail as the remote working trend continues to gain traction. Single or multiple-tenant, owner/user. Located in the Central Business District close to upscale retail shops, restaurants, hotels and office buildings. Downtown Rochester's office occupancy rate has been above 80 percent during the last 10 years.

A perfect mix of historic and hip, downtown Rochester attracts both local residents and visitors from across the state of Michigan. Downtown Rochester is home to more than 350 shops, salons, restaurants and professional service businesses; 85 percent of which are independent merchants. Downtown Rochester's natural beauty is attributed to the waterways that surround the city and the abundant green space that three parks and two winding trails offer.

Investment Highlights

  • 2900 Square Feet in CBD of Downtown Rochester
  • Higher Occupancy that suburban office
  • NNN Potential Opportunity
  • Onsite Dedicated Parking
  • Pro Forma Cap Rate 8.71 Percent

Exclusively Listed By

Office Vacant-User

115 Walnut Boulevard

Listing Price: $800,000

Gross SF
2,904
Rentable SF
2,904
Price/Gross SF
$275.48
Lot Size
0.11 acres
Year Built
1900

Investment Highlights

  • 2900 Square Feet in CBD of Downtown Rochester
  • Higher Occupancy that suburban office
  • NNN Potential Opportunity
  • Onsite Dedicated Parking
  • Pro Forma Cap Rate 8.71 Percent

Investment Overview

Marcus & Millichap is pleased to present 115 Walnut Boulevard in Downtown Rochester, Michigan. 2900 square feet with onsite dedicated parking. Ideal for medical, general office or retail as the remote working trend continues to gain traction. Single or multiple-tenant, owner/user. Located in the Central Business District close to upscale retail shops, restaurants, hotels and office buildings. Downtown Rochester's office occupancy rate has been above 80 percent during the last 10 years.

A perfect mix of historic and hip, downtown Rochester attracts both local residents and visitors from across the state of Michigan. Downtown Rochester is home to more than 350 shops, salons, restaurants and professional service businesses; 85 percent of which are independent merchants. Downtown Rochester's natural beauty is attributed to the waterways that surround the city and the abundant green space that three parks and two winding trails offer.

Exclusively Listed By

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