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Office Suites with Conference Room
New
For Lease
$550/Mo

302-628 E Parent Ave, Royal Oak, MI 48067

Six suites offer flexible layouts, with options to combine spaces to suit tenant requirements.

Space SizeContact for details
Days on Market7

Property Features for 302-628 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 11 Last Checked: Oct 11 at 2:33PM

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

Investment Insights

Based on property information with market context.

Six office suites are available in a recently renovated complex, with layouts that can be combined or adjusted. Shared amenities include a lobby and conference room, supporting meetings and day-to-day office use.

The property is within walking distance of downtown Royal Oak. Parking includes off-street spaces and free on-street parking.

Key Highlights

  • Six office suites in a recently renovated complex
  • Suites can be combined or configured to meet tenant needs
  • Shared lobby and conference room

Property Analytics

Current Use

Office Units

Suggested Use

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

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

$18.9 /SF/Yr
Avg Asking Price
$12–$33.33 /SF/Yr
Price Range
3,437 SF
Avg Space Size

This space is priced 133% above the average of $18.9 /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
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Frequently Asked Questions

What type of property is this?
Office units - Six suites offer flexible layouts, with options to combine spaces to suit tenant requirements.
Where is this office units located?
The property is located at 302-628 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 in a recently renovated complex; Suites can be combined or configured to meet tenant needs; Shared lobby and conference room
More about this property
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