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Retail Space with Frontage
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32552 Woodward Ave, Royal Oak, MI 48073

RB-zoned commercial space near Beaumont Hospital and south of 14 Mile Road.

Space SizeContact for details
Days on Market165

Property Features for 32552 Woodward Ave

General Information

Standard status Active
Property subtype Retail
Zoning RB

Additional Details

Space Use Retail/Office
Road Access Yes
Listing Agency: CMP Real Estate Group
Listed By: Lance Numan · License #6501385147
Source: Cpix.resimplifi
Added: Mar 24 Changed: Aug 29 Last Checked: Aug 29 at 1:42PM

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.

Available retail space fronts Woodward Avenue in a commercial setting with exposure to a heavily traveled roadway. The property carries RB zoning and is positioned for restaurant or service-retail use.

The site is south of 14 Mile Road and near Beaumont Hospital, with a substantial daytime population within a three-mile radius. Its Woodward Avenue position provides a clear connection to the surrounding commercial corridor and supports tenant visibility for customer-oriented operations.

Key Highlights

  • Woodward Avenue frontage on a heavily traveled roadway
  • RB zoning
  • South of 14 Mile Road

Property Analytics

Current Use

Motor City Scuba ... Vocational School Rec Diving Travel Travel Agency

Suggested Use

Top Pick Auto Parts Store Storage Facility Parking Lot & Garage (Bike/Boat/Book/etc) Store Grocery & Convenience Store Hotel & Motel

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

Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

705
Businesses Nearby

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

$24.25 /SF/Yr
Avg Asking Price
$16–$35 /SF/Yr
Price Range
4,038 SF
Avg Space Size

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - RB-zoned commercial space near Beaumont Hospital and south of 14 Mile Road.
Where is this retail space located?
The property is located at 32552 Woodward Ave Royal Oak, MI.
What are key features of this property?
This property features: Woodward Avenue frontage on a heavily traveled roadway; RB zoning; South of 14 Mile Road
More about this property
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