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    215 S Center St Royal Oak, MI 48067

    For Lease
    $15 SF/Yr ($3,625 /Mo)

    Prime corner location with on-site parking and flexible leasing options.

    Property size:
    2,900 SF
    Lot size:
    0.30 Acres

    Property Features for 215 S Center St

    General Information

    Size
    2,900 SF
    Lot size
    0.30 Acres

    Source: Beanstalk Real Estate Solutions Agent Paul DeBono

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

    Overview

    Royal Oak Office/Retail Space

    Located at the intersection of 3rd Street and Center Street, this property offers leasing opportunities suitable for office or retail use. The first floor provides 5,380 square feet of contiguous space that can be divided to meet tenant requirements. The second floor features 4,900 square feet of move-in-ready office space. The lower level includes 3,800 square feet of office space accessible via an ADA-compliant elevator. The property includes 16 on-site parking spaces for tenants. Additional parking is available with street parking and a public garage across the street offering two hours of free parking.
    Insight Report Location Intelligence

    Current Use by Public Records

    Fred A. and Barbara M. ... Foundation Factory Detroit, Inc. Advertising Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oak
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1459079
    Latitude
    42.4910694

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    FAQs

    What type of property is this?
    Office space - Prime corner location with on-site parking and flexible leasing options.
    Where is this office space located?
    The property is located at 215 S Center St Royal Oak, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Prime Corner Location: High visibility at the intersection of 3rd and Center Street.; - Exclusive On-Site Parking: 16 dedicated parking spaces for tenants.; - Versatile Leasing Options: Flexible spaces suitable for office or retail use.
    (313) 446-8060
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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
    215 S Center St Royal Oak, MI 48067
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