About 705 E Michigan Street
Under contract-accepting backup offers. Rare opportunity to own a fully stabilized, income-producing commercial property with direct frontage on Michigan Avenue — one of Orlando's highest-traffic corridors averaging over 24,000 vehicles per day. Exceptional visibility with prominent signage for owner or tenants. This beautifully converted property was completely transformed from residential to commercial use and gut-renovated in 2023, including a new roof, windows, kitchen, flooring, lighting, tankless water heater, vanities, granite countertops, and appliances. Truly turn-key with no near-term capital expenditure concerns. Currently home to an established cluster of women's wellness and beauty professionals — including licensed estheticians — creating a natural referral ecosystem among tenants. Four tenants in place generating approximately $4,700/month in gross revenue with a cap rate over 8% after expenses. Ideal for the investor seeking immediate cash flow, or an owner-occupant in the wellness or beauty industry looking to occupy one suite while collecting rent from the others. Located in the heart of SODO with immediate access to I-4 and SR-408.
Features of 705 E Michigan Street
| MLS® # | O6390393 |
|---|---|
| Price | $549,000 |
| Square Footage | 758 |
| Acres | 0.11 |
| Year Built | 1940 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Pending |
Listing Details
| Office | MERDIAN REALTY LLC |
|---|
Listing Map
Neighborhood Information for 705 E Michigan Street
Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Blankner K-8 Public - Preschool to 8Th Grade - Closest Elementry School |
0 Miles | |
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William R Boone High School Public - 9Th Grade to 12Th Grade - Closest High School |
0 Miles | |
|
Kaley Lake Como Elementary School Public - Preschool to 5Th Grade |
1 Miles | |
|
Ucp Charter School Public - Preschool to 1St Grade |
1 Miles | |
|
|
Ucp East Charter School Public - Preschool to Kindergarten |
1 Miles | |
|
|
Ucp Transitional Learning Academy High Charter Public - 6Th Grade to 12Th Grade |
1 Miles | |
|
|
Childs Place Private - Kindergarten to 1St Grade |
1 Miles |
School data provided by GreatSchools