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Multi-Suite Office Units
For Lease
$600/Mo

303-628 E Parent Ave, Royal Oak, MI 48067

Renovated offices include a shared lobby, conference room, and on-site parking.

Space SizeContact for details
Days on Market16

Property Features for 303-628 E Parent Ave

General Information

Standard status Active

Additional Details

Space Use Office

Amenities

shared lobby
conference space

Building Details

Tenancy Multi
Listing Agency: Good Company
Listed By: Justin Lyons · License #MICHIGAN442800
Source: Exprealty
Added: Oct 6 Changed: Oct 21 Last Checked: Oct 21 at 2:02AM

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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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Six office suites are available at 303-628 E Parent Ave in Royal Oak. The recently renovated complex has a common lobby and conference space, with suites that can be combined or configured to suit tenant requirements.

Off-street parking is available, along with free on-street parking. Downtown Royal Oak is within walking distance.

Key Highlights

  • Six office suites with options to combine or configure spaces
  • Recently renovated complex with a shared lobby
  • Modern conference room for meetings

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$6.17 /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

$25.7 /SF/Yr
Avg Asking Price
$13–$44 /SF/Yr
Price Range
2,935 SF
Avg Space Size

This space is priced 60% above the average of $25.7 /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 - Renovated offices include a shared lobby, conference room, and on-site parking.
Where is this office unit located?
The property is located at 303-628 E Parent Ave Royal Oak, MI.
What is the lease rate?
The lease rate is $600/Mo.
What are key features of this property?
This property features: Six office suites with options to combine or configure spaces; Recently renovated complex with a shared lobby; Modern conference room for meetings
More about this property
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