Listing Agency: Landmark Commercial Real Estate Services a***@landmarkcres.com Show Phone

Listed By: Andrew Luckoff · License #MI

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 1:16AM

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Investment Insights

Based on property information with market context.

This restaurant property is located at 304 S Main St in Royal Oak, Michigan. The available information identifies the asset as a conventional restaurant property and places it within the Royal Oak commercial market.

Key Highlights

• 304 S Main St, Royal Oak, MI 48067

Property Analytics

Current Use

Freshii Restaurant Chris London Wedding ... Nightclub The Modern Vegan Restaurant Detroit Taco Company Restaurant

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Garden Center Big Box & Wholesale Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,574

Businesses Nearby

89k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 42% Shops & Services 31% Groceries 18% Home Improvements & Furnishings 5%

McDonald's Dining

23,754 visits/mo 0.2 miles

Hollywood Market Groceries

16,247 visits/mo 0.3 miles

Shell Shops & Services

8,366 visits/mo 0.1 miles

Chipotle Mexican Grill Dining

7,536 visits/mo 0.1 miles

Citizens Bank Shops & Services

6,596 visits/mo 0.1 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

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant property positioned on South Main Street in Royal Oak.

Where is this conventional restaurant located?

The property is located at 304 S Main St Royal Oak, MI.

What are key features of this property?

This property features: 304 S Main St, Royal Oak, MI 48067