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Former Grocery Store Available
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32302 Woodward Ave, Royal Oak, MI 48073

3,554 SF former grocery store space for lease.

Space Size3,554 SF
Property Size5,264 SF
Days on Market725

Property Features for 32302 Woodward Ave

General Information

Standard status Active
Size 3,554 SF
Property subtype Retail
Lease Type NNN

Building Details

Building Size 5,264 SF
Tenancy Multiple

Spaces For Lease

at 32302 Woodward Ave Contact us

32286 Woodward Ave

Size
3,554 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: NAI Farbman Southfield
Listed By: Brandon Ben-Ezra · License #6505136668
Source: Crexi
Added: Aug 27, 2024 Changed: Aug 13 Last Checked: Aug 18 at 12:57PM

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 NAI Farbman Southfield

Investment Insights

Based on property information with market context.

This commercial property, formerly a Golden Basket, offers 3,554 square feet of space. It is suitable for grocery and convenience stores, retail properties, and other commercial real estate ventures.

Key Highlights

  • Former Golden Basket restaurant space
  • 3,554 SF available

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Daycare Center Catering Service Auto Parts Store Grocery & Convenience Store

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
$3.90 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

690
Businesses Nearby
61k
Monthly Visits Nearby
Under-served
Demand for This Use

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • Mila Mini Mart - International Foods 32867 Woodward Ave, Royal Oak, MI 48073

Frequently Asked Questions

What type of property is this?
Grocery and convenience store - 3,554 SF former grocery store space for lease.
Where is this grocery and convenience store located?
The property is located at 32302 Woodward Ave Royal Oak, MI.
What is the lease rate?
The lease rate is $26 SF/Yr.
What are key features of this property?
This property features: Former Golden Basket restaurant space; 3,554 SF available
(248) 353-0500 Call to check price and availability
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