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    202 E 3Rd St Royal Oak, MI 48067

    For Lease
    $25 SF/Yr ($4,166 /Mo)

    Turnkey restaurant and event space in downtown Royal Oak.

    Property size:
    2,000 SF
    Lot size:
    0.44 Acres

    Property Features for 202 E 3Rd St

    General Information

    Size
    2,000 SF
    Lot size
    0.44 Acres

    Source: Landmark Commercial Real Estate Services Agent Anthony Vitale

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Royal Oak Restaurant & Event Space

    This freestanding restaurant and event space is available for rent in downtown Royal Oak. The property occupies a prominent corner location with high visibility and is situated in a high foot traffic area in the heart of southeast Michigan's most walkable area. An outdoor patio is available. The property is located adjacent to Royal Oak’s Henry Ford Medical Center, Centennial Commons Park, Farmers Market, City Hall, and a variety of dining, retail, and entertainment establishments. The property is approximately 2,000 square feet. Royal Oak is centrally located in Metro Detroit, minutes away from I-696, I-75, and M-1 (Woodward Avenue).
    Location Intelligence

    Current Use by Public Records

    Martec Group Market Researcher Shannon Investment Co ... Investment Service Lockhart's BBQ Barbecue Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Marilyn's Detroit, Supreme Cuizzine LLC, Holiday Market Catering, Café Muse

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oak
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1426671
    Latitude
    42.4878492

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    FAQs

    What type of property is this?
    Restaurant - Turnkey restaurant and event space in downtown Royal Oak.
    Where is this restaurant located?
    The property is located at 202 E 3Rd St Royal Oak, MI.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Rare Downtown Royal Oak Turnkey Restaurant & Event Space; - Prominent corner location with great visibility and outdoor patio; - High foot traffic in the heart of southeast Michigan’s most walkable area
    (248) 488-2620
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    202 E 3Rd St 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
    202 E 3Rd St Royal Oak, MI 48067
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