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302 W University Drive Rochester, MI $ 1,259,000
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$ 1,259,000 Get more info
302 W University Drive
$ 1,259,000
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302 W University Drive

Rochester, MI, 48307
$ 1,259,000
Baths0.0 Sq 5,635

Monthly Estimate*

$ 8,794

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Studio

Commercial Property for sale in Rochester, MI

for $1,259,000. This 5,635 square foot building was built in 1901 on a lot size of 0.27.

Amazing opportunity in Booming downtown ROCHESTER! Zoned B-1 perfect for single-use or investment. 2nd floor currently used has residence. Classic Victorian makes this focal point of of Downtown. Current leases in place call for details. Marvin windows/Anderson door wall, new roof membrane Building has been renovated and updated! Just painted and ready to go! 1 long term lease in place and one lee=ss than a yr. Full basement has plenty of storage and 3rd floor could be finished! Per Oakland Co. taxes will adjust to approx. 17,800/yr

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Commercial Active

Price

$ 1,259,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 10,966

Style

Lot Size

0.27

Year Built

1901

Town/City

Rochester

County/Region

Oakland

MLS | Web ID

20230040702
Features
Interior
Heating Fuel Natural Gas
Street Suffix Drive
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General
Sewer Public Sewer (Sewer-Sanitary)
Heating Forced Air
Possession At Close
Zoning Commercial
Year Built 1901
Property Type Commercial
Subdivision Name SPRAGUE'S ADD
Transaction Type Sale
Status Active
Short Sale No
Construction Materials Wood
Cumulative Days on Market 334
MLS Area Rochester
Directions West of Rochester Rd East of Oak Street On the east side of University
City Rochester
Terms Offered Cash Contract Conventional
School District Rochester
Land Contract 1
Ownership Status Short Sale - No Private Owned
Street Name UNIVERSITY
Assessment 0.00
Total Sq Ft 5635
DOM 334
Taxes 10966.0000
Legal Description T3N R11E SEC 10 SPRAGUE'S ADD LOT 8 ALSO E 10 FT OF LOT 9 ALSO S 20 FT OF E 10 FT OF LOT 30 & ALSO S 20 FT OF LOT 31
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Exterior
Waterfront 0
Lot Size Area 0.27
Water Source Public (Municipal)
Foundation Basement
Lot Size Dimensions 70.00 x 170.00
Roof Material Asphalt Rubber
Architecture Level 1 Story
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Internal Only
Originating MLS Realcomp II Ltd
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* Excluded Features
List By
Andrew F Colburn

Listing Agent

The Drew Colburn Real Estate Group

Broker

(248) 320-7007

Phone

Affordability Calculator

$9,708
Per Month
91%
9%
0%
Monthly Principal & Interest
$8,794
Monthly Property Taxes
$914
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
848546 Elementary School
848028 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/24/2023$1,259,000 Listed Price

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302 W University Drive, Rochester, MI, 48307 is a Commercial Property for sale at $1,259,000 with 5,635 sqft and a lot size of 0.27. 302 W University Drive is a studio with 0.0 baths and was built in 1901. The property's zip code is 48307 which is in Rochester, MI

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