2,960 SQUARE FEET ROCHESTER, MICHIGAN

PROPERTY FEATURES: - Sale Includes 1,046 Sq Ft

Apartment on 2nd Floor- Additional Basement

Square Footage- Located Three Blocks off

Main Street

Information contained herein was obtained from sources deemed to be reliable but is not guaranteed. Subjects to prior sales, changes of price or withdrawal.

248.637.9700 | www.Lmcap.com

FOR MORE INFORMATION:Jason Capitani, SIOR, CCIM248.637.7684jcapitani@Lmcap.com

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FOR SALEOR LEASE

PRICEREDUCED

2301 West Big BeaverSuite 950Troy, MI 48084-3329

(248) 637-9700Facsimile (248) 637-9897

www.Lmcap.com

AGENT: J. Capitani

Information contained herein was obtained from sources deemed to be reliable but is not guaranteed. Subject to prior sale, change of price or withdrawal.

PROPERTY INFORMATION

PROPERTY NAME: 311 W University

LOCATION: 311 W University

CITY: Rochester

COUNTY: Oakland

PROPERTY TYPE: Commercial

LOCATION DESCRIPTION: University & Pine

GROSS SF: 2,960 YEAR BUILT: 1968

AVAILABLE SF: 2,960 TENANCY TYPE: Single

MAX. AVAILABLE: 2,960 PARKING: 25 +/-

MIN. AVAILABLE: 1,913 ZONING: B1

PROPERTY DESCRIPTION: Square footage includes 1,046 square foot apartment on 2nd floor. Additionalbasement square footage. Parcel ID #’s:15-15-226-003 and 15-15-226-017. Rental rate includes property taxes andbuilding insurance.

ECONOMIC DATA

MIN RENTAL RATE: $16.95 TERMS: Mod Gross

MAX RENTAL RATE: $16.95 LOAD FACTOR:

OPERATING EXPENSES: PARTITION ALLOWANCE:

ANNUAL ESCALATIONS: SALE PRICE: $750,000.00

2301 West Big BeaverSuite 950Troy, MI 48084-3329

(248) 637-9700Facsimile (248) 637-9897

www.Lmcap.com

AGENT: J. Capitani

Information contained herein was obtained from sources deemed to be reliable but is not guaranteed. Subject to prior sale, change of price or withdrawal.

311 W University * 311 W University * Rochester

SPACE AVAILABLE

Suite Space Available [SF] Lease Rate [$/SF] OccupancyMain Floor 1,913 $16.95 90 Days

2301 West Big Beaver Road, Suite 950Troy, Michigan 48084

www.Lmcap.com

For More Information, Contact:

Jason Capitani, SIOR, CCIM JCapitani@Lmcap.com

248.637.7684

Aerial

311 W. University Rochester, MI

(Not to Scale)

Information contained herein was obtained from sources deemed to be reliable but is not guaranteed. Subject to prior sales, change of price or withdrawal.

2301WestBigBeaverRoad,Suite950Troy,Michigan48084

www.Lmcap.com

ARTICLE 13. ‐ B‐1, GENERAL BUSINESS DISTRICT  

Sec. 1300. ‐ Intent.  

(a) The B-1 District is intended to accommodate certain generally recognized business uses and buildings which may or may not be allowed in the CBD District. All B-1 business uses are required to be conducted within completely enclosed buildings, and shall not include uses that typically have the need for overnight parking facilities. The B-1 zones are set aside for more intensive business uses but intended to exclude those not limited to: automotive related service and repair including muffler shops, tire stores, quick lubes, auto body repair, engine rebuilding, brake shops, automotive stereo and telephone installation, and similar automotive related activities.

Sec. 1301. ‐ Permitted principal uses.  

[The following principal uses shall be allowed in the B-1, General Business District:]

(1) Same as CBD District, subject to the regulations of this district.

(2) Showroom for sales of new automobiles and other vehicles, and ancillary service garage.

(3) Funeral home.

(4) Private club, lodge hall.

(5) Offices, clinics.

(6) Public utility exchange, transformer station and sub-station, pump station, excluding storage yards.

(7) Laundry and dry cleaning establishments primarily for retail patronage.

(8) Pool rooms, bowling alleys, and other public recreation halls licensed under chapter 6 of the City Code; including any establishment operating any mechanical amusement devises, are prohibited in all other districts; provided, however, that mechanical amusement devices are permitted as an accessory use only in the B-1, B-2, and CBD Districts under the conditions set forth in this ordinance for those districts under [section 1302,] permitted accessory uses.

(9) Retail, office, or service uses which are similar to the permitted principal uses.

Sec. 1302. ‐ Permitted accessory uses.  

[The following accessory uses shall be allowed in the B-1, General Business District:]

(1) Accessory structures and uses customarily incidental to a permitted principal use.

(2) Mechanical amusement devices, not exceeding three per establishment, and:

a. Licensed under chapter 6 of the City Code;

b. Only in a tavern or restaurant with a Class C liquor license.

Sec. 1303. ‐ Special exception uses.  

[The following special exception uses shall be allowed in the B-1, General Business District:]

(1) Outdoor sales of secondhand automobiles, trucks, trailers, or other vehicles. No major repair or major refurbishment shall be permitted on the lot.

(2) Overnight lodging facilities subject to the following standards:

a. Each rental unit shall be no less than 250 square feet in floor area; and

b. Each unit shall have its own private bathroom facility.

(3) Drive-in restaurant or open-front store, subject to the following standards:

2301WestBigBeaverRoad,Suite950Troy,Michigan48084

www.Lmcap.com a. Uses with a drive-up or pick-up window shall provide not less than six off-street waiting

spaces for each such window. The site plan shall clearly demonstrate that the waiting spaces will not interfere with pedestrian and vehicular circulation on-site nor shall they block any off-street parking spaces or impede access by emergency vehicles.

b. The order station shall be located at least 50 feet from the boundary of an adjoining residential district. The order station loudspeaker shall face away from the residential district.

c. Twenty-four-hour operation of drive-thru facilities and open-front stores shall be prohibited. The planning commission shall prescribe closing hours for the drive-thru window where protection of adjoining residences from late night noise and lighting is necessary.

d. All outdoor lighting shall be designed to provide adequate safety on-site without causing late night glare or illumination on adjoining properties.

e. Dumpsters shall not be located immediately adjoining a residential district. The enclosure shall provide a hose bib and a drain connected to the sanitary sewer. The trash container shall be emptied daily (Monday through Friday) and hosed out with fresh water when necessary to keep odors to a minimum.

f. The site plan shall demonstrate to the satisfaction of the planning commission, that the layout and design proposed will have no adverse impacts on adjoining properties from such things as traffic, lighting, noise, odors, congregations of persons, and the like.

(4) Gasoline auto service stations for sale of gasoline, oil, minor accessories and minor repairs, but not including body repair, engine rebuilding, rust-proofing, and similar activities, may be permitted in the B-1 district, subject to the following:

a. All repairs shall occur within a completely enclosed building.

b. No vehicles awaiting repair shall remain on-site for more than 72 hours.

c. All parking areas shall be paved and screened from public view by a minimum four-foot-six-inch high masonry wall of face brick. In place of the masonry wall, an alternative method of screening may be used, subject to approval by the planning commission upon a finding that it is more appropriate for the particular site and its neighbors.

d. All trash storage areas shall be screened from view by a six foot high enclosure approved by the planning commission. Old parts such as tires, mufflers, pipes, and the like, shall be kept inside the enclosure and shall not be permitted to accumulate for periods longer than one week unless stored within the building.

e. Management plans shall be submitted for the collection, storage, and recycling or proper disposal of all used or waste automotive fluids resulting from repair or service operations.

(5) See section 2108 on public utilities and facilities.

(6) Dance halls, subject to the licensing requirements of chapter 6 of the City Code and the following special requirements:

a. The site plan shows a proper relationship exists between the proposed use and adjoining uses such that dance hall customers will not impede access to any nearby business and/or residence.

b. Adequate consideration is given to emergency exit from the building.

c. A proper relationship exists between pedestrian and vehicular circulation on-site such that points of pedestrian/vehicular conflict are minimized.

d. The density of such uses shall be limited by maintaining a minimum spacing of 2,000 feet between any two dance halls, not less than 1,000 feet from an arcade, and not less than 500 feet from any residential zoning district.

2301WestBigBeaverRoad,Suite950Troy,Michigan48084

www.Lmcap.com (7) Outdoor, dining, when incidental to a permitted restaurant or tavern, and subject to section

2121, outdoor dining standards.

Parking for an outdoor cafe shall be determined by the planning commission based upon the size of the outdoor dining area in relation to the permanent seating in the restaurant, as follows:

a. Outdoor dining areas that are strictly on a "weather permitting basis" may be approved without additional parking if there is seating for 30 or less patrons.

b. Outdoor dining areas for more than 30 patrons or those that use awnings, roofs, or similar permanent or temporary structures to extend the season and/or to avoid inclement weather conditions, such as rain, may be required to provide additional parking.

c. In determining whether a restaurant must provide additional parking for its outdoor cafe, the planning commission will use the following guidelines:

1. If the outdoor seating is 25 percent or less of the seating capacity indoors, no additional parking is necessary.

2. If the outdoor seating is 26 to 50 percent of the seating capacity indoors, the restaurant may be required to provide up to 125 percent of the parking required for the indoor space.

3. If the outdoor seating is over 50 percent of the seating capacity indoors, the restaurant may be required to provide up to 150 percent of the parking required for the indoor space.

(8) See section 2111 on upper story apartments.

(9) Bus passenger stations may be permitted in the B-1 districts only, subject to the following standards:

a. There shall be no storage, overnight parking, or maintenance of buses on-site.

b. Adequate parking shall be provided for employees and customers, to the satisfaction of the planning commission.

c. Such other requirements which, in the opinion of the planning commission, are necessary to insure compatibility of the use with surrounding uses and the intent of the B-1 district.

(10) Bed and breakfast homes, subject to section 2114.

(Ord. No. 2009-13, 5-11-2009; Ord. No. 2009-22, pt. 3, 11-9-2009)