Retail or Office Space with
For Lease
$31 SF/Yr
31372 Woodward Ave, Royal Oak, MI 48073
4,050 SF retail-office/service space with prominent Woodward frontage, high visibility, and 11 on-site surface parking spaces.
Space SizeContact for details
Days on Market170
Property Features for 31372 Woodward Ave
General Information
Standard status
Active
Total Parking Spaces
11
Property subtype
Retail
Zoning
RB
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
CMP Real Estate Group
Listed By:
Lance Numan · License #6501385147
(248) 538-2000
Source:
Cpix.resimplifi
Added: Mar 23
Changed: Aug 15
Last Checked: Aug 14 at 8:03AM
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 CMP Real Estate Group
Investment Insights
Based on property information with market context.
This 4,050 SF space is suitable for retail, office, or service-based tenants. The offering includes prominent Woodward frontage and is positioned for strong day-to-day visibility along a high-traffic commercial corridor.
The property provides 11 on-site surface parking spaces for customer and employee convenience. Access to major roadways, including M-1, I-696, and I-75, supports straightforward travel for daily operations and customer visits.
With its flexible retail/office/service setup and convenient parking, the space is designed to support businesses looking for a visible presence on Woodward.
The property provides 11 on-site surface parking spaces for customer and employee convenience. Access to major roadways, including M-1, I-696, and I-75, supports straightforward travel for daily operations and customer visits.
With its flexible retail/office/service setup and convenient parking, the space is designed to support businesses looking for a visible presence on Woodward.
Key Highlights
- 4,050 SF retail‑office/service space on Woodward Ave
- Prominent Woodward frontage with high‑visibility signage potential
- Space suitable for retail, office, or service‑based tenants
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$4.65 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,515
Businesses Nearby
189k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 19%
Electronics 3%
Apparel 2%
McDonald's
Dining
43,447 visits/mo
0.5 miles
Starbucks
Dining
22,836 visits/mo
0.5 miles
Panera Bread
Dining
14,809 visits/mo
0.3 miles
Panda Express
Dining
10,781 visits/mo
0.5 miles
Crumbl Cookies
Dining
9,694 visits/mo
0.4 miles
Demographics for 48073, MI
33,658
Population
17,551
Households
1.9
Avg Household Size
39
Median Age
59%
College-Educated
97%
High-School Grad
7.4 sq mi
ZIP Area
4,548
Density / Sq Mi
$86,426
Median Household Income
$58,525
Median Earnings
$1,245
Median Rent
$302,800
Median Home Value
Market
Lease Benchmarks for Royal Oak, MI
$24.18 /SF/Yr
Avg Asking Price
$16–$35 /SF/Yr
Price Range
3,907 SF
Avg Space Size
This space is priced 28% above the average of $24.18 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 4,050 SF retail-office/service space with prominent Woodward frontage, high visibility, and 11 on-site surface parking spaces.
Where is this retail space located?
The property is located at 31372 Woodward Ave Royal Oak, MI.
What is the lease rate?
The lease rate is $31 SF/Yr.
What are key features of this property?
This property features: 4,050 SF retail‑office/service space on Woodward Ave; Prominent Woodward frontage with high‑visibility signage potential; Space suitable for retail, office, or service‑based tenants
