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$599,500

  • For Sale
  • Active
  • Office
See This Home
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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 approaching 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.

Full Property Details for 705 E Michigan St

General

  • Price: $599,500
  • Taxes: $3,485 (2025)
  • Status: Active
  • Type: Office
  • Source: MidFloridaRegionalMLS
  • MLS ID: O6390393
  • Updated: 3/13/2026
  • Added to Site: 39 day(s) ago

Rental Information

  • Complex Features: Bathrooms, Kitchen Facility, Seating, Waiting Room

Interior

  • Appliances: Microwave, Refrigerator
  • Flooring: Luxury Vinyl

Parking

  • Parking Features: 1 to 5 Spaces, Electric Vehicle Charging Station(s)

Location

  • Area: 32806 - Orlando/Delaney Park/Crystal Lake
  • County: Orange
  • Development Name: 32806 - Orlando/Delaney Park/Crystal Lake
  • Subdivision: ACREAGE
  • Driving 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
  • Direction Faces: South

Community

  • Community Name: 32806 - Orlando/Delaney Park/Crystal Lake

Heating & Cooling

  • Cooling Type: Central Air, Zoned
  • Heating Type: Central, Electric

Utilities

  • Sewer: Septic Tank
  • Water: Public
  • Utility Description: Public, Water Connected

Structural Information

  • # Buildings: 2
  • Exterior Const.: Wood Frame
  • Roof: Metal, Shingle
  • Ceiling Type: Drywall
  • Ceiling Height: 8 to 9 Feet
  • Windows: Insulated Windows
  • Square Feet: 758
  • Sq. Ft. Source: Public Records
  • Year Built: 1940

Additional Structures

  • Other Structures: Garage(s)

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size (Sq. Ft.): 4,668
  • Lot Size: 4668
  • Frontage: City Street
  • Street/Road Desc.: Asphalt

Green Features

  • Energy Efficient: Water Heater

Financial Considerations

  • Tax Amount: $3,485.26
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Corporation
  • Special Conditions: None
  • 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
  • Flood Zone Info: X
  • APN: 12329000000031
  • Property ID: 12329000000031

Listed by Merdian Realty Llc

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Listing agent

— 705 E Michigan St —

  • Merdian Realty Llc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 705 E Michigan St

School District:Orange County School District
NameGradesDistance
Blankner K-8
2500 South Mills Avenue, Orlando, FL 32806
PK-80.2 mi
William R Boone High School
1000 East Kaley Street, Orlando, FL 32806
9-120.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 705 E Michigan St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/12/2026
Listed
$599,500
215.53%
MLS
7/15/2021
Sold
$190,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 705 E Michigan St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,485
7%
$191,800
3%
2024
$3,248
11%
$186,971
3%
2023
$2,934
278%
$180,769
160%
2021
$776
-70%
$69,408
-53%
2022
$2,575
232%
$149,189
118%
2021
$776
3%
$68,450
2%
2019
$755
—
$66,911
2%
2018
$755
2%
$65,663
2%
2017
$742
2%
$64,312
2%
2016
$725
-2%
$62,989
1%
2015
$738
-5%
$62,551
1%
2014
$778
20%
$62,055
2%
2013
$646
—
$60,752
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Merdian Realty Llc

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705 E Michigan Street, Orlando, FL 32806 (MLS# O6390393) is a Office property. 705 E Michigan Street is currently listed for $599,500 and was received on March 12, 2026. Want to learn more about 705 E Michigan Street? Do you have questions about finding other Office real estate for sale in Orlando? You can browse all Orlando real estate or contact a Coldwell Banker agent to request more information.

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