Spaces For Lease

at 32286 Woodward Ave

32286 Woodward Ave $26/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: Oct 25 Last Checked: Oct 28 at 8:38AM

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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

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Investment Insights

Based on property information with market context.

Former Golden Basket Restaurant retail space available at 32286 Woodward Ave, Royal Oak, MI 48073. The offering includes 3,554 SF of existing retail area, and the ownership group is considering a complete redevelopment of all the area outlined in blue.

The property is located on the north-bound side of Woodward Ave with over 75,000 cars per day. It is directly across the street from Agree’s ($ADC) and in close proximity to the Royal Oak Corewell Health Hospital. Notable retailers in the surrounding area include Woodward Corners, Buddy’s Pizza, Potbelly, Starbucks, Burger King, Panda Express, and CVS.

Key Highlights

• Former Golden Basket restaurant space at 32286 Woodward Ave with 3,554 SF
• Frontage on northbound Woodward Ave with over 75,000 cars per day
• Additional former Army Navy retail opportunity at 32302 Woodward Ave with 5,264 SF

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

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

75,000 VPD

Traffic count

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

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

$23.69 /SF/Yr

Avg Asking Price

$5–$31 /SF/Yr

Price Range

4,333 SF

Avg Space Size

This space is priced 10% above the average of $23.69 /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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Frequently Asked Questions

What type of property is this?

Retail space - Former Golden Basket restaurant space on northbound Woodward Ave with over 75,000 vehicles daily.

Where is this retail space located?

The property is located at 32286 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: Former Golden Basket restaurant space at 32286 Woodward Ave with 3,554 SF; Frontage on northbound Woodward Ave with over 75,000 cars per day; Additional former Army Navy retail opportunity at 32302 Woodward Ave with 5,264 SF