161A Mckinnon RoadMckinnon VIC 3204
Property Details for 161a Mckinnon Rd, Mckinnon
Last Listing description (January 2018)
Positioned in the heart of booming McKinnon Road strip, this wonderfully positioned 2-storey dual shop offers multiple possibilities & uses with a great foundation for any business looking to prosper.
Consider the development and investment potential of this blue-chip CZ1 McKinnon College Zone property.
Ideal for multi-level multi-dwelling development (subject to Council Approval), this approx 264 sqm property benefits from private rear lane access and a booming school-zone location surrounded by successful new mixed-use development.
* Open plan double fronted shop front* Heritage Glass windows to shop front
* Car parking at rear
* Air conditioned / heating
Rented for $55,000 GST Inc + All outgoing + GST
New 5 x 5 x 5 lease
PRICE: $1.625 MIL
Property History for 161a Mckinnon Rd, Mckinnon, VIC 3204
- 18 Nov 2022Sold for $2,000,000
- 02 Jul 2018Sold for $1,250,000
- 27 Sep 2017Listed for Sale Sale $1.625mil - Rented for 55K GST Inc pa
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About Mckinnon 3204
The size of Mckinnon is approximately 1.6 square kilometres. It has 4 parks covering nearly 5.9% of total area. The population of Mckinnon in 2016 was 6064 people. By 2021 the population was 6878 showing a population growth of 13.4% in the area during that time. The predominant age group in Mckinnon is 10-19 years. Households in Mckinnon are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Mckinnon work in a professional occupation.In 2021, 65.60% of the homes in Mckinnon were owner-occupied compared with 68.40% in 2016.
Mckinnon has 3,202 properties. Over the last 5 years, Houses in Mckinnon have seen a 24.07% increase in median value, while Units have seen a 9.38% increase. As at 30 November 2025:
- The median value for Houses in Mckinnon is $1,962,618 while the median value for Units is $866,443.
- Houses have a median rent of $900 while Units have a median rent of $675.
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