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    423 S Washington Ave Royal Oak, MI 48067

    For Lease
    $9,277 /Mo ($27 SF/Yr)

    Real Estate Only - Royal Oak, MI

    Property size:
    4,123 SF
    Lot size:
    0.22 Acres
    Days on Market:
    128
    Last Refresh:
    Dec 13 at 5:06 pm

    Property Features for 423 S Washington Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    2521237010
    Size
    4,123 SF
    Lot size
    0.22 Acres

    Building Details

    Year built
    1927
    Year renovated
    2015
    Building materials
    Cedar, Stone
    Architectural style
    Other

    Keller Williams Royal Oak (248) 288-3500 [email protected]

    Listing agent Natalie A Reed (248) 288-3500

    Listing date Aug 8, 2025

    MLS# 20251023734 Listing URL

    Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Royal Oak Commercial Space Available

    This 4,123 square foot commercial space is located in downtown Royal Oak, Michigan, on busy 5th Avenue. Previously used as a restaurant/bar, it is currently configured as an office. The property benefits from a private entrance and available signage. Situated in the Social District, the location offers potential for sidewalk and street seating. The property is located in the heart of the upcoming 5th Plaza renovations, which are planned to reshape this block and area. The lot size is 0.22 acres. The zoning is commercial, allowing for a variety of uses including restaurants, retail, and office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mattie Scott - Keller ... Real Estate Agent Jenny Fortino Sells ... Real Estate Agent Elvis Realty – Real ... Real Estate Agency Keller Williams - Mark ... Real Estate Agency KW Metro Real Estate Agent

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Marilyn's Detroit, Supreme Cuizzine LLC, Holiday Market Catering, Creative Cooking By Amy Jean, Café Muse

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oak
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1471102
    Latitude
    42.4925192

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    FAQs

    What type of property is this?
    Restaurant - Prime commercial space in Royal Oak's Social District.
    Where is this restaurant located?
    The property is located at 423 S Washington Ave Royal Oak, MI.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on busy 5th Avenue in downtown Royal Oak.; - Situated in the Social District with potential for sidewalk and street seating.; - Private entrance.
    (248) 288-3500
    Request Owner's contact information
    423 S Washington Ave Royal Oak, MI 48067
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    Royal Oak, MI 48067
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    423 S Washington Ave Royal Oak, MI 48067
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