$549,000
705 Michigan Street
Orlando, FL 32806
Listing updated: June 29, 2026 at 8:25 AM ET
Listing courtesy of Merdian Realty Llc · Matt Merdian · MLS #O6390393 · Active · 407-230-8093Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
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.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history109 days on market
- Status: ActiveMar 13, 2026
- Listed$599,500Mar 12, 2026
- Price reduced$549,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Office
- Status
- Active
- Days on market
- 109
- Subdivision
- Acreage
- County
- Orange
- Year built
- 1940
- Living area
- 758 sq ft
- Price/sq ft
- $387
- Building area
- 1,420 sq ft (Public Records)
- Lot size
- 4,668 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X (12095C0265F)
- Annual taxes
- $3,485 (2025)
- Parcel #
- 01-23-29-0000-00-031
- Zoning
- C-1
- MLS #
- O6390393
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Interior Details
- Flooring
- Luxury Vinyl
- Appliances
- Microwave, Refrigerator
- Direction faces
- South
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air, Zoned
Parking
- Parking features
- Parking Spaces - 1 to 5, Electric Vehicle Charging Station(s)
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash
- Ownership
- Corporation
Exterior & Construction
- Construction materials
- Frame
- Roof
- Metal, Shingle
- Foundation
- Crawlspace
- Road surface
- Asphalt
Utilities
- Sewer
- Septic Tank
- Water source
- Public
- Utilities
- Public, Water Connected
Listing Details
- Listing date
- 2026-03-12
- On market date
- 2026-03-12
- Original list price
- $599,500
- Occupant type
- Tenant
- MLS area
- 32806 - Orlando/Delaney Park/Crystal Lake
- Listing AOR
- Orlando Regional
- Status changed
- 2026-03-13
- Tax 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 risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
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
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 29, 2026 at 8:25 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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