Endeavor Real Estate Group is pleased to exclusively offer for sale to qualified investors a 100% fee simple interest in The Michaels Stern Building, located at 87 N.? Clinton Avenue in Rochester, New York.? This mixed-use downtown Rochester loft building is comprised of 45 residential apartment units and four (4) floors of multi-tenanted commercial space.? The building’s residential units are consistently over 95% occupied, while its commercial space is approximately 50% occupied, offering a new owner the versatility to lease-up or re-tenant the space or convert to residential apartments.? The asset is poised for a new owner to acquire the asset, reposition its commercial space to residential and maximize what are currently well-below market existing residential rents, all while being supported by steady cash flow already in place.? Built in 1893, the building was originally constructed as the world headquarters for Michaels, Stern & Company, a Rochester based manufacturer of men’s tailored suits and apparel. Michaels Stern & Co remained in the building until 1977, upon when the business closed and the property soon after found new life as a cultural hub housing artist lofts, photographers, and creative studio space. The building later underwent a complete restoration and redevelopment in 2004 by an experienced, reputable local development company. The repositioning saw the building converted into an incredible mixed-use asset including spacious loft-style apartments, offices, and first floor retail space. Listed on the National Register of Historic Places in 1985, the Beaux Arts architectural style building is multi-tenanted with a mix of residential loft apartments, office, and ground-level retail space.