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Renovated Office Suites
For Lease
$550/Mo

301-628 E Parent Ave, Royal Oak, MI 48067

Tenants can select from six suites of varying sizes, with options to combine spaces.

Space SizeContact for details
Days on Market21

Property Features for 301-628 E Parent Ave

General Information

Standard status Active

Space & Availability

Divisible Yes
Space Use Office

Amenities

shared lobby
conference space
ample off-street parking
free on-street parking
Listing Agency: Good Company
Listed By: Justin Lyons · License #MICHIGAN442800
Source: Exprealty
Added: Oct 6 Changed: Oct 25 Last Checked: Oct 25 at 2:40AM

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
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Investment Insights

Based on property information with market context.

Six office suites in varying sizes are available in a recently renovated complex. The property includes a shared lobby and a conference room, and suites may be combined to create a larger configuration.

Off-street parking and free on-street parking serve the property. Downtown Royal Oak is within walking distance.

Key Highlights

  • Six office suites available in varying sizes
  • Suites can be combined
  • Recently renovated complex with shared lobby and conference room

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Pet Grooming Service Florist Plumbing Service Locksmith

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
$6.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,314
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

$28.41 /SF/Yr
Avg Asking Price
$13–$44 /SF/Yr
Price Range
2,565 SF
Avg Space Size

This space is priced 55% above the average of $28.41 /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 - Tenants can select from six suites of varying sizes, with options to combine spaces.
Where is this office unit located?
The property is located at 301-628 E Parent Ave Royal Oak, MI.
What is the lease rate?
The lease rate is $550/Mo.
What are key features of this property?
This property features: Six office suites available in varying sizes; Suites can be combined; Recently renovated complex with shared lobby and conference room
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Includes: Price & PSF · Cap rate · Location · Zoning

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