406 S MAIN, Rochester, Michigan 48307

$1,400,000
3,144
SqFt

Property Description

Discover an exceptional investment opportunity at 406 S Main St, Rochester, MI! This versatile retail building/multi-unit space spans 3,350 sq ft and is available for $1,400,000. With an attractive average retail rent of $33 per sq ft, this property promises substantial returns. Situated on a 0.1610-acre lot with a 5,964 sq ft building, it features two multi-unit spaces on the second level. Current tenants include a 2-bedroom unit leased month-to-month at $900 for 20 years, and a 3-bedroom unit occupied until October at $1,595 per month. Recent upgrades like roof and electrical panel replacements within the last 5 years enhance the property's appeal and minimize maintenance costs. Don't miss this opportunity to invest in a well-maintained property with stable rental income and significant growth potential. Contact us today to learn more about 406 S Main St, Rochester, MI!

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Listing courtesy of @properties Christie's Int'l R E Rochester.

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