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Retail Building on Woodward Avenue
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32128 Woodward Ave, Royal Oak, MI 48073

Split-level retail building with frontage on Woodward Avenue.

Space Size8,528 SF
Days on Market608

Property Features for 32128 Woodward Ave

General Information

Standard status Active
Size 8,528 SF
Property subtype Retail
Lease Type NNN

Building Details

Building Size 8,528 SF
Year Built 1962
Tenancy Single

Spaces For Lease

at 32128 Woodward Ave Contact us

Bourlier's Barbecue & Fireplace

Size
8,528 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: L. Mason Capitani
Listed By: Jason Capitani, SIOR, CCIM · License #MI 6502137804
Source: Crexi
Added: Dec 21, 2024 Changed: Aug 16 Last Checked: Aug 21 at 5:28AM

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 L. Mason Capitani

Investment Insights

Based on property information with market context.

This is a split-level retail building with frontage on Woodward Avenue. It is located minutes north of I-696.

Key Highlights

  • Great Woodward Ave frontage
  • Split‑level retail building
  • Minutes north of I‑696

Property Analytics

Current Use

Bourlier's Barbecue and Fireplace ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Carpet & Flooring Store Locksmith (Bike/Boat/Book/etc) Store Daycare Center Catering Service 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
$2.63 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

690
Businesses Nearby
61k
Monthly Visits Nearby

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

Demographics for 48073, MI

33,658
Population
17,551
Households
1.9
Avg Household Size
39
Median Age
59%
College-Educated
97%
High-School Grad
7.4 sq mi
ZIP Area
4,548
Density / Sq Mi
$86,426
Median Household Income
$58,525
Median Earnings
$1,245
Median Rent
$302,800
Median Home Value

Market

Lease Benchmarks for Royal Oak, MI

$25.89 /SF/Yr
Avg Asking Price
$16–$35 /SF/Yr
Price Range
3,766 SF
Avg Space Size

This space is priced 32% below the average of $25.89 /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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Split-level retail building with frontage on Woodward Avenue.
Where is this retail space located?
The property is located at 32128 Woodward Ave Royal Oak, MI.
What is the lease rate?
The lease rate is $17.50 SF/Yr.
What are key features of this property?
This property features: Great Woodward Ave frontage; Split‑level retail building; Minutes north of I‑696
(586) 212-5270 Call to check price and availability
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