Spaces For Lease

at 32302 Woodward Ave

32302 Woodward Ave $26 – $32/SF/Yr

Floor Bldg

Size 3,554 SF

Type RETAIL

Lease Type NNN

Availability AVAILABLE, Now

Sublease No

- Former Army Navy Retail Opportunity Available Located At 32302 Woodward: 5,264 SF - Former Golden Basket Restaurant Available Located At 32286 Woodward: 3,554 SF - Sophisticated and Creative Ownership Group that would Consider a Complete Redevelopment of all the area outlined in Blue. - Located on the North-Bound side of Woodward Ave with Over 75,000 Cars Per Day - Located Directly Across the Street from Agree's ($ADC) Brand New Headquarters and in Close Proximity to the Royal Oak Corewell Health Hospital Notable Retailers Include: Woodward Corners, Buddy’s Pizza, Potbelly, Starbuck’s, Burger King, Panda Express, CVS.

Contact us

Listing Agency: NAI Farbman - Corporate Show Phone

Listed By: Brandon Ben-Ezra · License #6505136668 Show Phone

Source: Moodyscre

Added: Mar 17, 2025 Changed: Sep 5 Last Checked: Oct 5 at 8:04PM

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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 NAI Farbman - Corporate

Investment Insights

Based on property information with market context.

Located at 32302 Woodward Avenue, a former Army Navy retail space offers 5,264 square feet. Additionally, the former Golden Basket Restaurant at 32286 Woodward Avenue provides 3,554 square feet. Situated on the northbound side of Woodward Avenue, the location benefits from high traffic, with over 75,000 cars passing daily. The property is directly across the street from Agree's new headquarters and near the Royal Oak Corewell Health Hospital. The sophisticated ownership group is open to a complete redevelopment of the outlined area. Nearby retailers include Woodward Corners, Buddy’s Pizza, Potbelly, Starbucks, Burger King, Panda Express, and CVS.

Key Highlights

• High Traffic Location: Over 75,000 cars per day on Woodward Ave.
• Strategic Location: Located on Woodward Ave, across from Agree's Headquarters.
• Redevelopment Potential: Opportunity for complete redevelopment by a sophisticated ownership group.

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Auto Parts Store Catering Service Daycare Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.90 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

690

Businesses Nearby

61k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 54% Shops & Services 31% Electronics 9% Apparel 6%

Shell Shops & Services

9,533 visits/mo 0.3 miles

Oberweis Dairy Dining

7,308 visits/mo 0.3 miles

Potbelly Sandwich Shop Dining

7,290 visits/mo 0.2 miles

Starbucks Dining

7,238 visits/mo 0.2 miles

FedEx Office Print & Ship Center Shops & Services

7,026 visits/mo 0.5 miles

Market

Lease Benchmarks for Royal Oak, MI

$23.39 /SF/Yr

Avg Asking Price

$5–$35 /SF/Yr

Price Range

3,994 SF

Avg Space Size

This space is priced 11% above the average of $23.39 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties What are key features of this property?

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Contact for pricing

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Frequently Asked Questions

What type of property is this?

Retail space - Retail spaces available on Woodward Avenue with high traffic volume.

Where is this retail space located?

The property is located at 32302 Woodward Ave Royal Oak, MI.

What is the lease rate?

The lease rate is $26 SF/Yr.

What are key features of this property?

This property features: High Traffic Location: Over 75,000 cars per day on Woodward Ave.; Strategic Location: Located on Woodward Ave, across from Agree's Headquarters.; Redevelopment Potential: Opportunity for complete redevelopment by a sophisticated ownership group.