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Retail Building with 8,544 SF
For Sale
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401 S Lafayette Avenue, Royal Oak, MI 48067

Retail building offered for sale with 8,544 square feet of space.

Property Size9,393 SF
Days on Market152

Property Features for 401 S Lafayette Avenue

General Information

Standard status Active
Size 9,393 SF
Class C
Property subtype Retail
Zoning Royal Oak DDA, Central Business District
Lease Type NNN

Building Details

Year Built 1965
Year Renovated 2013
Stories 2
Listing Agency: Colliers - Royal Oak/Detroit, Michigan
Listed By: Raymond Jonna · License #MI 6501357188
Source: Crexi
Added: Apr 12 Changed: Sep 8 Last Checked: Sep 9 at 6:48AM

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 retail building is being offered for sale with 8,544 square feet of retail space.

The property is located at 401 S Lafayette in Royal Oak, Michigan.

With its dedicated retail use and substantial building size, the property may suit a range of retail concepts depending on tenant requirements.

Key Highlights

  • Retail building for sale with 8,544 SF of space

Property Analytics

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Current Use

Stairway Royal Oak Nightclub ImaginATE Restaurant Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Food Market Plumbing Service Locksmith Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,943
Businesses Nearby
100k
Monthly Visits Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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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Frequently Asked Questions

What type of property is this?
Retail space - Retail building offered for sale with 8,544 square feet of space.
Where is this retail space located?
The property is located at 401 S Lafayette Avenue Royal Oak, MI.
What are key features of this property?
This property features: Retail building for sale with 8,544 SF of space
More about this property
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