Retail Lease and Vacant Office
For Sale
$2,000,000
27364 Woodward Ave, Royal Oak, MI 48067
Site includes a small leased rental and a vacant office building with dedicated parking areas for flexible occupancy.
Property Size2,707 SF
Price / SF$738.83
Days on Market161
Property Features for 27364 Woodward Ave
General Information
Standard status
Active
Size
2,707 SF
Property subtype
Auto Dealership
Lease Type
NNN
Amenities
Avis/Budget Rent A Car & Vacant 4,600-Square-Foot Office are Available for Sale. Great Opportunity for an Owner/User or Investor Looking to Take Advantage of this Covered Land Play
Long Term Occupancy since 2008 with Annual Rent Increases Including Each Year of the One-Five-Year Option Period. Vacant 4,600-SF Office Building has Dedicated 15 Car Parking Lot on Site revenue
Just Under a Half-Acre with Over 90' of Woodward Frontage this Property Represents a Covered Land Play with Existing Income and Built in Upside for a Re-Development or Leasing of the Vacant Office
Building Details
Building Size
2,707 SF
Listed By:
Rick O'Connor · License #License(s): MI: 6501206542
(248) 415-3030
Source:
Marcusmillichap
Added: May 14
Changed: Oct 9
Last Checked: Oct 20 at 5:13PM
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 Rick O'Connor
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Investment Insights
Based on property information with market context.
This mixed-use site features a 679-square-foot building leased to Avis/Budget Rent-A-Car and a vacant 4,600-square-foot office building. The property sits on 0.47 acres and includes a 30-car parking area supporting the leased building, along with a dedicated 15-car parking lot for the vacant office.
Located on Woodward Avenue, the site is described as having over 90,000 cars per day and is noted to be less than 1.5 miles from Downtown Royal Oak and Oakland Community College, with approximately 14,000-plus students. The public remarks also cite over 350,000 people within five miles.
For a replacement tenant or owner-user, the vacant office building provides an opportunity to reposition the space, supported by on-site parking and high-visibility frontage along Woodward Avenue.
Located on Woodward Avenue, the site is described as having over 90,000 cars per day and is noted to be less than 1.5 miles from Downtown Royal Oak and Oakland Community College, with approximately 14,000-plus students. The public remarks also cite over 350,000 people within five miles.
For a replacement tenant or owner-user, the vacant office building provides an opportunity to reposition the space, supported by on-site parking and high-visibility frontage along Woodward Avenue.
Key Highlights
- 0.47‑acre site with a 679‑SF building leased to Avis/Budget Rent‑A‑Car
- 30‑car parking area included with the leased 679‑SF building
- Vacant 4,600‑SF office building with dedicated 15‑car parking lot
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
948
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Site includes a small leased rental and a vacant office building with dedicated parking areas for flexible occupancy.
Where is this office building located?
The property is located at 27364 Woodward Ave Royal Oak, MI.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 0.47‑acre site with a 679‑SF building leased to Avis/Budget Rent‑A‑Car; 30‑car parking area included with the leased 679‑SF building; Vacant 4,600‑SF office building with dedicated 15‑car parking lot
