Corner Restaurant Space with Liquor
For Lease
Contact for pricing
401 S Lafayette Avenue, Royal Oak, MI 48067
Corner restaurant space with restaurant-grade ventilation, grease management, gas service, three-phase electric, and a class C liquor license available.
Space Size3,656 SF - 5,737 SF
Property Size9,393 SF
Days on Market95
Property Features for 401 S Lafayette Avenue
General Information
Standard status
Active
Size
3,656 SF - 5,737 SF
Property subtype
Retail, Restaurant
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Heavy Power
Yes
Building Details
Building Size
9,393 SF
Year Built
1965
Tenancy
Multiple
Spaces For Lease
at 401 S Lafayette Avenue Contact us- Size
- 5,737 SF
- Availability
- Active
1st Floor
- Size
- 3,656 SF
- Availability
- Active
2nd Floor
Listing Agency:
Colliers - Royal Oak/Detroit, Michigan
Listed By:
Raymond Jonna · License #MI 6501357188
(248) 226-1611
Source:
Crexi
Added: Jun 3
Changed: Sep 4
Last Checked: Sep 4 at 6:20AM
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 Colliers - Royal Oak/Detroit, Michigan
Investment Insights
Based on property information with market context.
This corner restaurant space is set up with restaurant-grade infrastructure, including commercial kitchen ventilation, grease management, gas service, and three-phase electrical service. The interior includes restaurant build-out with a dining room seating area, bar build-out, and an integrated audio system that conveys with the deal. A class C liquor license is available, with a full permit stack available on negotiated terms.
The property is positioned at the Lafayette Avenue and 4th Street corner, three blocks west of Main Street’s primary retail spine, within the Royal Oak DDA and Central Business District. It is across the street from Ronin Sushi and also directly across from a public parking deck. The prior operating tenant successfully ran valet service from this configuration.
Flexible transaction structures are available, including lease, sale, and lease with a purchase option, subject to qualification.
The property is positioned at the Lafayette Avenue and 4th Street corner, three blocks west of Main Street’s primary retail spine, within the Royal Oak DDA and Central Business District. It is across the street from Ronin Sushi and also directly across from a public parking deck. The prior operating tenant successfully ran valet service from this configuration.
Flexible transaction structures are available, including lease, sale, and lease with a purchase option, subject to qualification.
Key Highlights
- Corner restaurant space built in 1965 at Lafayette Ave and 4th St in downtown Royal Oak (DDA/Central Business District).
- Restaurant‑grade systems in place: commercial kitchen ventilation, grease management, gas service, and three‑phase electrical.
- Class C liquor license available; prior operating tenant ran valet service from the existing configuration.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Heavy power
Yes
Commercial hood
Yes
Grease trap
Yes
Liquor license
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,943
Businesses Nearby
100k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 37%
Home Improvements & Furnishings 4%
Hotels & Casinos 4%
McDonald's
Dining
23,754 visits/mo
0.2 miles
BP
Shops & Services
15,997 visits/mo
0.3 miles
Shell
Shops & Services
8,366 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
7,536 visits/mo
0.3 miles
Fifth Third Bank & ATM
Shops & Services
7,078 visits/mo
0.3 miles
Demographics for 48067, MI
24,589
Population
13,714
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
96%
High-School Grad
4.6 sq mi
ZIP Area
5,345
Density / Sq Mi
$107,355
Median Household Income
$76,700
Median Earnings
$1,435
Median Rent
$309,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Corner restaurant space with restaurant-grade ventilation, grease management, gas service, three-phase electric, and a class C liquor license available.
Where is this conventional restaurant located?
The property is located at 401 S Lafayette Avenue Royal Oak, MI.
What are key features of this property?
This property features: Corner restaurant space built in 1965 at Lafayette Ave and 4th St in downtown Royal Oak (DDA/Central Business District).; Restaurant‑grade systems in place: commercial kitchen ventilation, grease management, gas service, and three‑phase electrical.; Class C liquor license available; prior operating tenant ran valet service from the existing configuration.
