Downtown Retail
New
For Lease
$30 SF/Yr
408 Lafayette Ave, Royal Oak, MI 48067
Retail building near Royal Oak’s downtown activity and established commercial corridors.
Space Size1,953 SF
Property Size2,708 SF
Days on Market2
Property Features for 408 Lafayette Ave
General Information
Standard status
Active
Size
1,953 SF
Net Rentable
2,708 SF
Property subtype
Retail
Space & Availability
Available Space
2,708 SF
Contiguous Space
2,708 SF
Building Details
Building Size
2,708 SF
Spaces For Lease
at 408 Lafayette Ave Contact us- Size
- 1,953 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
Space Available $30/SF/Yr
Listing Agency:
Team CORE
Listed By:
Kevin N. Tamer · License ##6506048316
(248) 710-8000
Source:
Commercialcafe
Added: Sep 5
Last Checked: Sep 5 at 2:57PM
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 Team CORE
Investment Insights
Based on property information with market context.
This 2,708-square-foot retail building is located at 408 Lafayette Ave in Royal Oak, Michigan. The property is positioned within an established commercial area serving a mix of retail, dining, and service businesses.
Its Lafayette Avenue setting places the building near the activity associated with Royal Oak’s downtown district. The surrounding commercial environment includes the city’s walkable downtown core and established main corridors, providing a recognizable setting for retail space.
Its Lafayette Avenue setting places the building near the activity associated with Royal Oak’s downtown district. The surrounding commercial environment includes the city’s walkable downtown core and established main corridors, providing a recognizable setting for retail space.
Key Highlights
- 2,708‑square‑foot retail building
- Located at 408 Lafayette Ave, Royal Oak, MI 48067
- Situated within an established commercial area
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,943
Businesses Nearby
100k
Monthly Visits Nearby
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
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
This space is priced 24% above the average of $24.25 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building near Royal Oak’s downtown activity and established commercial corridors.
Where is this retail space located?
The property is located at 408 Lafayette Ave Royal Oak, MI.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: 2,708‑square‑foot retail building; Located at 408 Lafayette Ave, Royal Oak, MI 48067; Situated within an established commercial area
