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This outstanding property in downtown Rochester features a versatile small business office and retail space, along with a one-bedroom apartment situated on the upper level. The first floor comprises two private offices, a welcoming reception area, a storage room, a bathroom, and a finished basement with an additional half bath. There is ample parking available for up to eight vehicles. This property is positioned in the DE-1 Downtown Edge-1 District, which allows for various uses. The building has been well-maintained, with a new roof installed in 2017. The current tenants are on a month-to-month lease. An annual holiday lighting assessment fee of 457 dollars applies. The property boasts a prime location at the southwest corner of University and Oak Street, making it an attractive option for businesses and residents alike.