32500 Woodward Avenue Royal Oak, MI 48073

Building Details

Year Built

1947

Listing agency KJ Commercial k***@kjcre.com Show Phone

Listed by Kevin Jappaya Show Phone

Source Cpix.resimplifi

Added: Mar 1 Updated: Jul 10 at 1:16PM Checked: Jul 22 at 2:19AM

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Investment Insights

Based on property information with market context.

This is a rare opportunity to acquire a turn-key, high-end retail or office building located on Woodward Avenue. The existing occupant, Citizens State Bank, is relocating to a new headquarters facility. The freestanding building offers approximately 5,889 square feet of space and includes 25 private on-site parking spaces. The building was fully remodeled in 2021, featuring high-quality interior and exterior improvements. Built-in office furniture is included in the sale. This move-in ready space is suitable for a variety of users. The property is located minutes from Downtown Birmingham and benefits from excellent exposure with over 64,000 vehicles per day on Woodward Avenue. The surrounding area has strong demographics, with over 264,000 residents within a 5-mile radius.

Key Highlights

• High‑traffic location on Woodward Avenue with over 64,000 vehicles per day (VPD).
• Turn‑key, fully remodeled in 2021 with high‑quality interior and exterior improvements.
• ±5,889 SF freestanding building with 25 private on‑site parking spaces.

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FAQs

What type of property is this?

Bank - Turn-key, remodeled retail/office building with parking near Birmingham.

Where is this bank located?

The property is located at 32500 Woodward Avenue Royal Oak, MI.

What is the asking price?

The asking price for this property is $3,300,000.

What are key features of this property?

This property features: High‑traffic location on Woodward Avenue with over 64,000 vehicles per day (VPD).; Turn‑key, fully remodeled in 2021 with high‑quality interior and exterior improvements.; ±5,889 SF freestanding building with 25 private on‑site parking spaces.