Two Free-Standing Retail
For Sale
$385,000
1114 Catalpa Dr, Royal Oak, MI 48067
Two well-situated freestanding retail buildings with parking behind the properties and flexible month-to-month tenancy.
Property SizeContact for details
Days on Market58
Property Features for 1114 Catalpa Dr
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1949
Listing Agency:
RE/MAX First
(586) 662-4444
Listed By:
Robert Coburn · License #6501265468
(586) 662-4444
Source:
Elliman
Added: Jun 16
Changed: Jul 10
Last Checked: Aug 11 at 9:17AM
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 RE/MAX First
Investment Insights
Based on property information with market context.
This offering includes two free-standing commercial/retail buildings. The current tenants are on month-to-month leases, providing flexibility for a new owner. The properties are situated on-site with parking located behind the buildings.
The buildings are located in Royal Oak at 1114 Catalpa Dr. The property is zoned "Neighborhood Business II," a designation that supports a wide variety of uses. The owner also owns adjacent buildings and is willing to entertain selling all three parcels as a package that totals four separate buildings.
For buyers and operators seeking retail space, these buildings offer a straightforward ownership structure with two distinct freestanding assets and on-site parking. The month-to-month lease terms may appeal to those looking to retain tenants while planning for potential future occupancy changes. The option to acquire additional adjacent parcels as part of a package can also be considered for an expanded footprint under a single ownership group.
The buildings are located in Royal Oak at 1114 Catalpa Dr. The property is zoned "Neighborhood Business II," a designation that supports a wide variety of uses. The owner also owns adjacent buildings and is willing to entertain selling all three parcels as a package that totals four separate buildings.
For buyers and operators seeking retail space, these buildings offer a straightforward ownership structure with two distinct freestanding assets and on-site parking. The month-to-month lease terms may appeal to those looking to retain tenants while planning for potential future occupancy changes. The option to acquire additional adjacent parcels as part of a package can also be considered for an expanded footprint under a single ownership group.
Key Highlights
- Two freestanding commercial/retail buildings (year built 1949)
- Zoned "Neighborhood Business II" allowing a wide variety of uses
- Current tenants are on month‑to‑month leases
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
972
Businesses Nearby
66k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Groceries 25%
Shops & Services 21%
Hotels & Casinos 6%
National Coney Island
Dining
21,012 visits/mo
0.5 miles
Hollywood Market
Groceries
16,247 visits/mo
0.2 miles
Burger King
Dining
8,438 visits/mo
0.4 miles
Speedway
Shops & Services
8,070 visits/mo
0.4 miles
Genisys Credit Union
Shops & Services
5,709 visits/mo
0.3 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
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Thrifty Florist — 26989 Woodward Ave, Huntington Woods, MI 48070
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- J Costello Designs — 1116 Catalpa Dr, Royal Oak, MI 48067
- Perennial Accents — 1322 catalpa dr, royal oak, mi 48067
Frequently Asked Questions
What type of property is this?
Storefront property - Two well-situated freestanding retail buildings with parking behind the properties and flexible month-to-month tenancy.
Where is this storefront property located?
The property is located at 1114 Catalpa Dr Royal Oak, MI.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two freestanding commercial/retail buildings (year built 1949); Zoned "Neighborhood Business II" allowing a wide variety of uses; Current tenants are on month‑to‑month leases
