Eco Friendly
Address
705 E Michigan Street, ORLANDO, FL
Price
$ 549,000
Property Attributes
  • MLS#O6390393
  • TypeCommercial
  • Listing Status Active
  • CountyOrange
  • CityORLANDO
  • AreaOrlando/Delaney Park/Crystal Lake
  • NeighborhoodACREAGE
  • Zip32806
  • StyleOffice
  • Year Built1940
  • Taxes$ 3485
  • Price$ 549,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage758
  • Lot Size0.11 Acres
Data Source:
Stellar MLS
Property Description

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.

Price History
3/13/2026 Listed $599,500
4/3/2026 2$589,900
4/24/2026 2$579,000
5/8/2026 2$569,500
5/30/2026 2$559,500
6/29/2026 2$549,000

General Features

Sewer Septic Tank
Heating Central,Electric
Cooling Central Air,Zoned
Utilities Public,Water Connected
Possession Close Of Escrow
Roof Metal,Shingle
Appliances Microwave,Refrigerator
Zoning C-1
Construction Materials Wood Frame
Year Built 1940
Property Subtype Office
Tax Year 2025
Ownership Corporation
County Orange
New Construction false
Property Type Commercial Sale
Energy Efficient Water Heater
Subdivision Name ACREAGE
Facing Direction South
Building Features Bathrooms,Kitchen Facility,Seating,Waiting Room
Other Structures Garage(s)
Status Active
Directions From Orange and Michigan head East on Michigan, property is on the left at the intersection of Michigan and Lake Wade Ct - 705 E Michigan St
City ORLANDO
MLS Area 32806 - Orlando/Delaney Park/Crystal Lake
Lot Size Units Square Feet
Lot Size Square Feet 4668
Listing Terms Cash
Tax Annual Amount 3485.26
Property Condition Completed
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6390393
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 31
Legal Description E 50 FT OF W 150 FT OF S 150 FT OF NW1/4OF SE1/4 (LESS ST RD R/W) OF SEC 01-23-29
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
Flood Zone Code X Yes
DockY/N false

Interior Features

Flooring Luxury Vinyl
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Window Features Insulated Windows
LivingAreaSource Public Records

Exterior Features

Parking Features 1 to 5 Spaces,Electric Vehicle Charging Station(s)
Lot Features Corner Lot
Water Source Public
Lot Size Area 4668
Foundation Details Crawlspace
Number of Buildings 2
Building Area Total 1420
Lot Size Acres 0.11
Road Surface Type Asphalt
Waterfront Y/N false
Number of Separate Water Meters 1
Number of Separate Electric Meters 1
Road Frontage Type City Street
Number of Lots 1
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 32806

Price
AVG $1.18M
$550K
Taxes
AVG $10,688
$3,485
Year Built
AVG 1971
1940