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High-Traffic Corner Commercial Parcel
For Sale
$450,000

415 N Main St, Royal Oak, MI 49651

Prime development opportunity at a bustling intersection in Lake City.

Property SizeContact for details
Days on Market123

Property Features for 415 N Main St

General Information

Standard status Active
Property subtype Commercial
Listing Agency: Coldwell Banker Schmidt-Cadillac
Listed By: Kent Mueller · License #6506038329
Source: Elliman
Added: Apr 24 Changed: Aug 13 Last Checked: Aug 23 at 9:18AM

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 Coldwell Banker Schmidt-Cadillac

Investment Insights

Based on property information with market context.

This commercial real estate opportunity is located at the intersection of M-66 and M-55 in Lake City, across from a McDonald's and a gas station. The level corner lot offers visibility and accessibility, with frontage on Main, Park, and Front Street. City services are available. The location benefits from paved, county-maintained roads. The property is positioned near a traffic light on the town's main thoroughfare, providing consistent exposure to high vehicle traffic. It is suited for office space, health services, or retail ventures. The property is located in a somewhat walkable area with a walk score of 68, and a bikeable area with a bike score of 59.

Key Highlights

  • High‑traffic corner lot at the intersection of M‑66 and M‑55, offering premium visibility.
  • Located across from McDonald's and a busy gas station.
  • Level, cleared topography suitable for seamless development.

Property Analytics

Current Use

MI Wings Co Restaurant Milan Pizzeria Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Food Market Grocery & Convenience Store Plumbing Service Locksmith Daycare Center

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

Location Intelligence

Trade Area within ½ mile

2,766
Businesses Nearby

Demographics for 49651, MI

7,881
Population
4,968
Households
1.6
Avg Household Size
46
Median Age
19%
College-Educated
92%
High-School Grad
235.5 sq mi
ZIP Area
33
Density / Sq Mi
$61,524
Median Household Income
$35,896
Median Earnings
$879
Median Rent
$165,100
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - Prime development opportunity at a bustling intersection in Lake City.
Where is this commercial land located?
The property is located at 415 N Main St Royal Oak, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: High‑traffic corner lot at the intersection of M‑66 and M‑55, offering premium visibility.; Located across from McDonald's and a busy gas station.; Level, cleared topography suitable for seamless development.
More about this property
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