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Royal Oak Retail Space Available
For Lease
$16 SF/Yr

3208 Crooks Rd, Royal Oak, MI 48073

1,200 SF retail space in Royal Oak neighborhood.

Space SizeContact for details
Days on Market168

Property Features for 3208 Crooks Rd

General Information

Standard status Active
Property subtype Retail

Building Details

Year Built 1963
Listing Agency:
Listed By: Rick Ax
Source: Naiglobal
Added: Mar 6 Changed: Jul 6 Last Checked: Aug 20 at 4:56AM

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 Rick Ax

Investment Insights

Based on property information with market context.

This 1,200 square foot retail space is located on North Crooks, just south of 13 Mile, in a Royal Oak neighborhood. The space features large retail windows and includes a small office kitchen. A full basement provides storage. The property is ADA compliant. The lease term is three to five years. The property is located next to Tonia's Pizza and a convenience store.

Key Highlights

  • Royal Oak Neighborhood Retail Location
  • 1,200 Square Feet of ADA Compliant Space
  • Full Basement for Storage

Property Analytics

Current Use

Foundation Repairs Royal ... Construction Company Paws With A Cause Social Service Agency

Suggested Use

Top Pick Spa & Massage Center Law Firm Real Estate Agency Restaurant HVAC Service Daycare Center

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
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

203
Businesses Nearby
12k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Exxon Shops & Services
10,678 visits/mo 0.1 miles
Sunoco Shops & Services
1,562 visits/mo 0.1 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

$25.89 /SF/Yr
Avg Asking Price
$16–$35 /SF/Yr
Price Range
3,766 SF
Avg Space Size

This space is priced 38% below the average of $25.89 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - 1,200 SF retail space in Royal Oak neighborhood.
Where is this retail space located?
The property is located at 3208 Crooks Rd Royal Oak, MI.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Royal Oak Neighborhood Retail Location; 1,200 Square Feet of ADA Compliant Space; Full Basement for Storage
More about this property
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