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Bank Building with Drive-Through
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202 S Lafayette Ave, Royal Oak, MI 48067

Freestanding former bank property with private parking and a two-lane drive-through.

Property Size1,032 SF
Lot Size0.86 Acres
Days on Market5

Property Features for 202 S Lafayette Ave

General Information

Standard status Active
Size 1,032 SF
Total Parking Spaces 21
Lot size 0.86 Acres
Property subtype Retail
Zoning CB

Additional Details

Drive-Thru Yes

Building Details

Building Size 1,032 SF
Buildings 1
Listing Agency: Friedman Integrated Real Estate
Listed By: Robert Hibbert · License #6501265610
Source: Cpix.resimplifi
Added: Aug 17 Changed: Aug 21 Last Checked: Aug 21 at 4:12AM

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 Friedman Integrated Real Estate

Investment Insights

Based on property information with market context.

This former bank property includes a 1,032 SF building on approximately 0.86 acres. The site has 21 private parking spaces and a two-lane drive-through, providing a configuration suited to banking or other commercial operations.

The property is located at 202 S Lafayette Ave in Royal Oak, Michigan. Its Central Business District setting supports consideration of commercial redevelopment and reuse opportunities identified for the site, including retail, office, medical, residential, and mixed-use applications.

Key Highlights

  • 1,032 SF former bank building
  • Approximately 0.86 acres
  • 21 private parking spaces

Property Analytics

Current Use

PNC Mortgage Loan Service PNC Bank Bank PNC ATM Atm

Suggested Use

Top Pick Big Box & Wholesale Store Grocery & Convenience Store Kitchen & Bath Showroom Storage Facility (Bike/Boat/Book/etc) Store Auto Parts 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.

Location Intelligence

Trade Area within ½ mile

2,879
Businesses Nearby
107k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 57% Dining 35% Home Improvements & Furnishings 4% Hotels & Casinos 4%
McDonald's Dining
23,754 visits/mo 0.1 miles
BP Shops & Services
15,997 visits/mo 0.5 miles
Shell Shops & Services
8,366 visits/mo 0.1 miles
Chipotle Mexican Grill Dining
7,536 visits/mo 0.1 miles
Fifth Third Bank & ATM Shops & Services
7,078 visits/mo 0.4 miles

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 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?
Bank - Freestanding former bank property with private parking and a two-lane drive-through.
Where is this bank located?
The property is located at 202 S Lafayette Ave Royal Oak, MI.
What are key features of this property?
This property features: 1,032 SF former bank building; Approximately 0.86 acres; 21 private parking spaces
More about this property
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