Retail Building on Woodward
For Lease
$17.50 SF/Yr
32128 Woodward Ave, Royal Oak, MI 48073
Split-level retail building with frontage on Woodward Avenue.
Space Size8,528 SF
Days on Market194
Property Features for 32128 Woodward Ave
General Information
Standard status
Active
Size
8,528 SF
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
8,528 SF
Year Built
1962
Spaces For Lease
at 32128 Woodward Ave
32128 Woodward
$17.50/SF/Yr
Size
8,528 SF
Term
Negotiable
Listing Agency:
L. Mason Capitani, Inc.
Listed By:
Jason Capitani, SIOR, CCIM · License #6502137804
(586) 212-5270
Source:
Corfac
Added: Mar 27
Changed: Oct 3
Last Checked: Oct 5 at 4:00PM
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 L. Mason Capitani, Inc.
Investment Insights
Based on property information with market context.
This is a split-level retail building with frontage on Woodward Avenue. It is located minutes north of I-696.
Key Highlights
- Great Woodward Ave frontage
- Split‑level retail building
- Minutes north of I‑696
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.63 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 31%
Electronics 9%
Apparel 6%
Shell
Shops & Services
9,533 visits/mo
0.3 miles
Oberweis Dairy
Dining
7,308 visits/mo
0.3 miles
Potbelly Sandwich Shop
Dining
7,290 visits/mo
0.2 miles
Starbucks
Dining
7,238 visits/mo
0.2 miles
FedEx Office Print & Ship Center
Shops & Services
7,026 visits/mo
0.5 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Royal Oak, MI
$23.39 /SF/Yr
Avg Asking Price
$5–$35 /SF/Yr
Price Range
3,994 SF
Avg Space Size
This space is priced 25% below the average of $23.39 /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 - Split-level retail building with frontage on Woodward Avenue.
Where is this retail space located?
The property is located at 32128 Woodward Ave Royal Oak, MI.
What is the lease rate?
The lease rate is $17.50 SF/Yr.
What are key features of this property?
This property features: Great Woodward Ave frontage; Split‑level retail building; Minutes north of I‑696
