Renovated Office Suite
For Lease
$575/Mo
505-628 E Parent Ave, Royal Oak, MI 48067
Recently renovated office complex with shared lobby, conference space, and six suites with ample parking.
Space SizeContact for details
Days on Market110
Property Features for 505-628 E Parent Ave
General Information
Standard status
Active
Additional Details
Office Units
6
Building Details
Tenancy
Multi
Listing Agency:
Good Company
(248) 733-5811
Listed By:
Justin Lyons · License #MICHIGAN442800
(810) 577-2050
Source:
Exprealty
Added: May 19
Changed: Aug 31
Last Checked: Sep 4 at 1:22PM
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 Good Company
Investment Insights
Based on property information with market context.
This recently renovated office complex offers a professional, quiet work environment with a welcoming shared lobby and a modern conference space. Six suites are available in various sizes, and the space can be combined or tailored to fit a tenant’s needs.
Located at 505-628 E Parent Ave in Royal Oak, the property is described as being within walking distance of downtown Royal Oak. Convenient parking is available with ample off-street parking and free on-street parking, supporting easy client access.
The offering is well-suited to organizations seeking flexible office configurations within a multi-suite setting that already includes shared common areas and meeting space.
Located at 505-628 E Parent Ave in Royal Oak, the property is described as being within walking distance of downtown Royal Oak. Convenient parking is available with ample off-street parking and free on-street parking, supporting easy client access.
The offering is well-suited to organizations seeking flexible office configurations within a multi-suite setting that already includes shared common areas and meeting space.
Key Highlights
- Recently renovated office complex with six suites available in various sizes
- Shared lobby and modern conference space for collaborative meetings
- Flexible suite layout can be combined or tailored to tenant needs
Property Analytics
Current Use
Lease Details
6
Office units
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$9.58 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
Explore this area
Business Placement
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
$23.73 /SF/Yr
Avg Asking Price
$4.17–$63.89 /SF/Yr
Price Range
4,162 SF
Avg Space Size
This space is priced 169% above the average of $23.73 /SF/Yr.
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Recently renovated office complex with shared lobby, conference space, and six suites with ample parking.
Where is this office units located?
The property is located at 505-628 E Parent Ave Royal Oak, MI.
What is the lease rate?
The lease rate is $575/Mo.
What are key features of this property?
This property features: Recently renovated office complex with six suites available in various sizes; Shared lobby and modern conference space for collaborative meetings; Flexible suite layout can be combined or tailored to tenant needs
