Listing Agency: CMP Real Estate Group p***@cmprealestategroup.com Show Phone

Listed By: Barry Landau · License #MI 6501248708

Source: Crexi

Added: Feb 25 Changed: Aug 8 Last Checked: Aug 17 at 7:45AM

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Investment Insights

Based on property information with market context.

This commercial property features an office space with a size of 724 square feet. It is located in Royal Oak, Michigan.

Key Highlights

• Office Space
• 724 SqFt

Property Analytics

Property Profile

Current Use

Whitney Tim Insurance Agency

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Big Box & Wholesale Store Furniture & Home Goods 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

571

Businesses Nearby

Explore this area Business Placement

Demographics for 48067, MI

24,589

Population

13,714

Households

1.8

Avg Household Size

36

Median Age

67%

College-Educated

96%

High-School Grad

4.6 sq mi

ZIP Area

5,345

Density / Sq Mi

$107,355

Median Household Income

$76,700

Median Earnings

$1,435

Median Rent

$309,200

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office units - 724 SqFt office space available in Royal Oak, MI.

Where is this office units located?

The property is located at 1413 Crooks Rd Royal Oak, MI.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Office Space; 724 SqFt