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Lasbury Tracy Realty Inc
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$549,000

Active Under Contract

705 E Michigan St, Orlando, FL 32806

758 sq ft

Listing courtesy of MERDIAN REALTY LLC Β· MLS# O6390393

140 days on market

Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .

About this property

Under contract-accepting backup offers. Rare opportunity to own a fully stabilized, income-producing commercial property with direct frontage on Michigan Avenue β€” 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 β€” including licensed estheticians β€” 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.

Facts

Property type
Office
Year built
1940
Exposure
South
Flood zone
X
Annual taxes
$3,485/yr
Listed
Mar 12, 2026
MLS #
O6390393

Commercial details

Building & site

Building size
1,420 SF
Lot size
0.11 acres (4,668 SF)
Zoning
C-1
Ceiling height
8 to 9 Feet
Road frontage
City Street
Buildings
2
Occupancy
Tenant-occupied
Building features
Bathrooms, Kitchen Facility, Seating, Waiting Room

Investor metrics

Price per SF (MLS)
$386.62/SF
Net operating income
$45,251/yr
Annual expenses
$10,945/yr

As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty β€” confirm with the listing broker before relying on them. We never estimate a cap rate.

Price & status history

  1. Listed for $599,500
  2. Price reduced to $549,000from $559,500

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Take a tour

Pick a day that suits you β€” a licensed Lasbury Tracy agent confirms personally, usually within minutes. No account needed.

705 E Michigan St, Orlando, FL 32806

Listing courtesy of MERDIAN REALTY LLC Β· MLS# O6390393 Β· Active Under Contract

How would you like to see it?
Which day?
What time of day?

In person Β· Thu, Oct 29 Β· Morning (9-12)

No account, no obligation. Prefer to talk? (941) 474-5585

Where this property is

Opens on aerial β€” on this coast the canal, the lot and the neighbours answer more questions than a street grid does.

Similar properties

Listing information is provided in part by Stellar MLS, as distributed by MLS GRID. Based on information submitted to the MLS as of Oct 28, 2026, 8:57 PM (ET). All data is obtained from various sources and may not have been verified by broker or MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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. Some IDX listings have been excluded from this website.

Lasbury Tracy Realty Inc. Β· [email protected]