Search
High-Traffic Corner Commercial Parcel
For Sale
$450,000

415 N Main St, Royal Oak, MI 49651

Prime development opportunity at a bustling intersection in Lake City.

Property SizeContact for details
Days on Market189

Property Features for 415 N Main St

General Information

Standard status Active
Property subtype Commercial
Listing Agency: Coldwell Banker Commercial Schmidt, REALTORS
Listed By: Kent Mueller · License #6501437846
Source: Elliman
Added: Apr 24 Changed: Oct 25 Last Checked: Oct 28 at 8:32AM

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 Coldwell Banker Commercial Schmidt, REALTORS

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This commercial real estate opportunity is located at the intersection of M-66 and M-55 in Lake City, across from a McDonald's and a gas station. The level corner lot offers visibility and accessibility, with frontage on Main, Park, and Front Street. City services are available. The location benefits from paved, county-maintained roads. The property is positioned near a traffic light on the town's main thoroughfare, providing consistent exposure to high vehicle traffic. It is suited for office space, health services, or retail ventures. The property is located in a somewhat walkable area with a walk score of 68, and a bikeable area with a bike score of 59.

Key Highlights

  • High‑traffic corner lot at the intersection of M‑66 and M‑55, offering premium visibility.
  • Located across from McDonald's and a busy gas station.
  • Level, cleared topography suitable for seamless development.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

MI Wings Co Restaurant Milan Pizzeria Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Food Market Grocery & Convenience Store 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

2,766
Businesses Nearby

Demographics for 49651, MI

7,881
Population
4,968
Households
1.6
Avg Household Size
46
Median Age
19%
College-Educated
92%
High-School Grad
235.5 sq mi
ZIP Area
33
Density / Sq Mi
$61,524
Median Household Income
$35,896
Median Earnings
$879
Median Rent
$165,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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

Frequently Asked Questions

What type of property is this?
Commercial land - Prime development opportunity at a bustling intersection in Lake City.
Where is this commercial land located?
The property is located at 415 N Main St Royal Oak, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: High‑traffic corner lot at the intersection of M‑66 and M‑55, offering premium visibility.; Located across from McDonald's and a busy gas station.; Level, cleared topography suitable for seamless development.
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved