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640 W University Drive, Rochester, Mi 48307

$720,000
  • 640 W University Drive, Rochester, Mi 48307 Main Photo

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(Short Sale) - Pending
SQUARE FEET2,315 MLS#20261038007
STATUS(Short Sale) - Pending PROPERTY TYPECommercial - Business SUBDIVISIONW C C H A P M A N SCHOOLRochester

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.

640 W University Drive | MLS# 20261038007

This commercial property located at 640 W University Drive, Rochester, Mi 48307 is currently listed for sale with an asking price of $720,000. W University Drive is located within the Rochester school district. Search Rochester real estate on www.ikeyrealty.com today.

Property Features

Property Type: Commercial - Business
Basement: Yes
Cooling: Central Air
Heating: Forced Air, Natural Gas
Lot Size: 0.29 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $12,852
Year Built: 1901

Feature Descriptions

Accessibility: AccessibleApproachWithRamp
Days on Site: 85
Exterior: Aluminum Siding
Lot Dimensions: 86X145.5
Parcel#: 1510454015
Parking: Parking Lot
Parking Notes: Parking Lot
Sewer: Public Sewer
Summer Tax: 9651
Utilities: Cable Available
Water: Public
Winter Tax: 3201

Local Schools

School District: Rochester

Listed By / Shown By

Listed By

Agency Name: Andrews Realty Group
Agency Phone: 2488414717

Shown By

Agency Title: Key Realty
Agency Phone: 877-539-7589

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