Multi-Tenant Retail & Restaurant
106 S Main St Royal Oak, MI 48067
For Sale
Contact for pricing
Fully occupied mixed-use building with restaurant and service-oriented tenants and extended leases along Main Street.
Property Size10,832 SF
Price / SF$361.88
Days on Market26
Property Features for 106 S Main St
General Information
- Standard status
- Active
- Size
- 10,832 SF
- Property subtype
- RETAIL
Listing Agency:
AQRE Advisors
(248) 776-6001
Listed By:
Jon Kouza
Source:
Moodyscre
Added: Jul 1
Changed: Jul 25
Last Checked: Jul 25 at 4:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AQRE Advisors
Investment Insights
Based on property information with market context.
This is a multi-tenant mixed-use retail and restaurant building offered for sale, with a diversified tenant mix that includes restaurant and service-oriented users. The property is 100% occupied, and multiple tenants have extended leases in place, reflecting long-term commitment to the site.
The building is located in the heart of downtown Royal Oak on Main Street, with frontage along a roadway reported at 20,353 VPD. This positioning places the property within a high-activity walkable district featuring national retailers, restaurants, nightlife, and daily-needs destinations.
With tenants already in place, the asset is presented as a stabilized, in-place income opportunity in a high-demand Oakland County submarket, with annual increases referenced in the offering remarks.
The building is located in the heart of downtown Royal Oak on Main Street, with frontage along a roadway reported at 20,353 VPD. This positioning places the property within a high-activity walkable district featuring national retailers, restaurants, nightlife, and daily-needs destinations.
With tenants already in place, the asset is presented as a stabilized, in-place income opportunity in a high-demand Oakland County submarket, with annual increases referenced in the offering remarks.
Key Highlights
- Fully occupied multi‑tenant mixed‑use building with restaurant and service‑oriented tenants
- Located on Main Street with reported traffic of 20,353 VPD
- Diversified tenant mix including restaurant and service‑oriented users
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $234.0k | $21.60 |
| − Vacancy | −$15.9k | −$1.47 |
| EGI | $218.1k | $20.13 |
| − OpEx | −$54.5k | −$5.03 |
| NOI | $163.5k | $15.10 |
10,832 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.34M
$2.04M – $2.73M
NOI $163,546 @ 7.0% cap · market cap 4.17%
Second Best
Retail
$1.67M
$1.46M – $1.94M
NOI $116,557 @ 7.0% cap · market cap 2.97%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
StickerYou.com Custom Stickers ...
Production Facility
Comau
Corporate Office
Royal Oak Masala
Restaurant
FAQs
What type of property is this?
Retail space - Fully occupied mixed-use building with restaurant and service-oriented tenants and extended leases along Main Street.
Where is this retail space located?
The property is located at 106 S Main St Royal Oak, MI.
What is the asking price?
The asking price for this property is $3,919,881.
What are key features of this property?
This property features: Fully occupied multi‑tenant mixed‑use building with restaurant and service‑oriented tenants; Located on Main Street with reported traffic of 20,353 VPD; Diversified tenant mix including restaurant and service‑oriented users
