Retail Suite with Salon
New
For Lease
$2,821/Mo
111 W 4th St, Royal Oak, MI 48067
An existing salon configuration includes service stations, a customer-facing retail area, and dedicated back rooms.
Space Size1,209 SF
Days on Market7
Property Features for 111 W 4th St
General Information
Standard status
Active
Size
1,209 SF
Net Rentable
1,209 SF
Class
A
Property subtype
Retail
Zoning
CB
Lease Type
NNN
Space & Availability
Available Space
1,209 SF
Contiguous Space
1,209 SF
Floor
Ground
Space Use
Retail
Lease Terms
Lease Rate
$2,821 /USD/MO
Monthly Rent
$2,821
Rent per SF/Year
$28
Amenities
floor to ceiling glass entry wall
ceramic floors with 12 foot ceilings
dual tank water heater system
Rheem heating and air conditioning
large front retail space
three rooms in back of house
fully functional rest room
8 stations with sinks and lighting
Building Details
Building Size
1,203 SF
Year Built
2014
Stories
1
Listing Agency:
Thomas Hospitality Group
Listed By:
Michael E. Scheid
(248) 866-4855
Source:
Cpix.resimplifi
Added: Oct 10
Changed: Oct 15
Last Checked: Oct 16 at 5:59AM
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 Thomas Hospitality Group
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Investment Insights
Based on property information with market context.
This 1,203-square-foot retail suite is configured with a broad front retail area and three rooms at the rear. Its salon setup includes 8 stations with sinks and lighting, along with a restroom. Ceramic flooring, 12-foot ceilings at the front, a floor-to-ceiling glass entry wall, a dual-tank water heater, and Rheem heating and air conditioning are also in place. The stations can be removed for another retail configuration.
The space is on 4th Street in downtown Royal Oak, in the first block west of Main Street, within the Main Place condominium development. Retail and restaurant businesses are located around the property. Zoning is CB; the building dates to 2014.
The space is on 4th Street in downtown Royal Oak, in the first block west of Main Street, within the Main Place condominium development. Retail and restaurant businesses are located around the property. Zoning is CB; the building dates to 2014.
Key Highlights
- 1,203 square feet of retail space
- Salon setup with 8 stations, sinks, and lighting
- Three rear rooms and a restroom
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,695
Businesses Nearby
84k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Dining 44%
Home Improvements & Furnishings 5%
Hotels & Casinos 5%
McDonald's
Dining
23,754 visits/mo
0.2 miles
Shell
Shops & Services
8,366 visits/mo
0.1 miles
Chipotle Mexican Grill
Dining
7,536 visits/mo
0.1 miles
Fifth Third Bank & ATM
Shops & Services
7,078 visits/mo
0.4 miles
Citizens Bank
Shops & Services
6,596 visits/mo
0.0 miles
Demographics for 48067, MI
24,589
Population
13,714
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
96%
High-School Grad
4.6 sq mi
ZIP Area
5,345
Density / Sq Mi
$107,355
Median Household Income
$76,700
Median Earnings
$1,435
Median Rent
$309,200
Median Home Value
Market
Lease Benchmarks for Royal Oak, MI
$23.39 /SF/Yr
Avg Asking Price
$5–$35 /SF/Yr
Price Range
4,229 SF
Avg Space Size
This space is priced 20% above the average of $23.39 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - An existing salon configuration includes service stations, a customer-facing retail area, and dedicated back rooms.
Where is this retail space located?
The property is located at 111 W 4th St Royal Oak, MI.
What is the lease rate?
The lease rate is $2,821/Mo.
What are key features of this property?
This property features: 1,203 square feet of retail space; Salon setup with 8 stations, sinks, and lighting; Three rear rooms and a restroom
