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Royal Oak Retail Space
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27862 Woodward Ave, Royal Oak, MI 48067

Retail space available on Woodward Avenue in Royal Oak.

Space Size5,960 SF
Days on Market269

Property Features for 27862 Woodward Ave

General Information

Standard status Active
Size 5,960 SF
Property subtype Retail

Building Details

Building Size 5,960 SF

Spaces For Lease

at 27862 Woodward Ave Contact us

27862

Size
5,960 SF
Type
Street Retail
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: Lee & Associates of Michigan
Listed By: Scott Lyons
Source: Lee-associates
Added: Nov 26, 2025 Changed: Aug 21 Last Checked: Aug 21 at 4:26AM

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 Lee & Associates of Michigan

Investment Insights

Based on property information with market context.

This 5913-square-foot retail space is available for rent. The property is located on the east side of Woodward Avenue. The space is delivered in white box condition, ready for customization.

Key Highlights

  • White box retail space ready for your vision.
  • Located on the desirable east side of Woodward.

Property Analytics

Current Use

Woodward Avenue Action ... Charitable Organization Ross Mortgage Corporation Loan Service

Suggested Use

Top Pick Restaurant Real Estate Agency Big Box & Wholesale Store Nail Salon Auto Repair Shop Hair Salon

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

Location Intelligence

Trade Area within ½ mile

860
Businesses Nearby
124k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 44% Shops & Services 42% Dining 7% Home Improvements & Furnishings 3%
Trader Joe's Groceries
54,811 visits/mo 0.0 miles
O'Reilly Auto Parts Shops & Services
16,074 visits/mo 0.0 miles
BP Shops & Services
11,288 visits/mo 0.4 miles
PetSmart Shops & Services
9,019 visits/mo 0.1 miles
Bank of America Shops & Services
5,940 visits/mo 0.5 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

Lease Benchmarks for Royal Oak, MI

$25.89 /SF/Yr
Avg Asking Price
$16–$35 /SF/Yr
Price Range
3,766 SF
Avg Space Size

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 - Retail space available on Woodward Avenue in Royal Oak.
Where is this retail space located?
The property is located at 27862 Woodward Ave Royal Oak, MI.
What are key features of this property?
This property features: White box retail space ready for your vision.; Located on the desirable east side of Woodward.
More about this property
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