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Renovated Office Suites
For Lease
$500/Mo

202-628 E Parent Ave, Royal Oak, MI 48067

Three available units offer flexible configurations, with the option to combine spaces as business needs require.

Space SizeContact for details
Days on Market16

Property Features for 202-628 E Parent Ave

General Information

Standard status Active

Space & Availability

Divisible Yes
Space Use Office

Amenities

shared lobby
conference space
off-street parking
on-street parking
Listing Agency: Good Company
Listed By: Justin Lyons · License #MICHIGAN442800
Source: Exprealty
Added: Oct 6 Changed: Oct 19 Last Checked: Oct 21 at 2:33AM

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 Good Company

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

The office property includes three suites in varying sizes, with options to combine units. Recent renovations added a shared lobby and conference room for tenant use.

The complex is near downtown Royal Oak. Parking options include off-street spaces and free on-street parking.

Key Highlights

  • Three office suites available in different sizes
  • Units can be combined to create a larger configuration
  • Renovated shared lobby and conference room

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Kitchen & Bath Showroom Pharmacy Plumbing Service Grocery & Convenience Store Veterinary Clinic Food Market

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
$6.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,323
Businesses Nearby

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

Lease Benchmarks for Royal Oak, MI

$25.7 /SF/Yr
Avg Asking Price
$13–$44 /SF/Yr
Price Range
2,935 SF
Avg Space Size

This space is priced 56% above the average of $25.7 /SF/Yr.

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

Frequently Asked Questions

What type of property is this?
Office unit - Three available units offer flexible configurations, with the option to combine spaces as business needs require.
Where is this office unit located?
The property is located at 202-628 E Parent Ave Royal Oak, MI.
What is the lease rate?
The lease rate is $500/Mo.
What are key features of this property?
This property features: Three office suites available in different sizes; Units can be combined to create a larger configuration; Renovated shared lobby and conference room
More about this property
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