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    820 S Washington Ave Royal Oak, MI 48067

    For Sale
    $400,000

    Mixed-use property in downtown Royal Oak with commercial and residential zoning.

    Lot size:
    0.13 Acres

    Property Features for 820 S Washington Ave

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1961

    Source: Otto Family Properties LLC Agent Tye Otto

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

    Overview

    Royal Oak Mixed-Use Property

    Located in downtown Royal Oak, this mixed-use property is zoned for both commercial and residential purposes. The property features over 1,000 square feet of retail space at the front, complemented by 1,500 square feet suitable for office or residential use in the rear. Parking is available at the back of the building. The property includes an updated roof and mechanical systems. The layout allows for various uses, including operating a business with living quarters or accommodating two separate businesses.
    Insight Report Location Intelligence

    Current Use by Public Records

    Open Arms Tattoo ... Tattoo Shop One Two Three ... Attorney

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -83.1468143
    Latitude
    42.4827019

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in downtown Royal Oak with commercial and residential zoning.
    Where is this mixed-use property located?
    The property is located at 820 S Washington Ave Royal Oak, MI.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Prime Downtown Royal Oak Location; - Zoned for Commercial and Residential Use; - 1000+ sq ft of Retail Space
    (248) 330-3011
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    820 S Washington Ave Royal Oak, MI 48067
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    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
    820 S Washington Ave Royal Oak, MI 48067
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