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    32552 Woodward Ave Royal Oak, MI 48073

    Sponsored
    For Lease
    $26 SF/Yr ($15,385 /Mo)

    Prime Royal Oak location, multiple suites available.

    Lot size:
    7,101 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 32552 Woodward Avenue in Royal Oak, Michigan, offers a unique opportunity for businesses seeking versatile office space. The building boasts a total of 7,101 square feet, currently featuring a mix of retail, office, and restaurant uses. The property is available for lease with 2,812 square feet of vacant space immediately ready for occupancy. This presents a significant opportunity for a single tenant to occupy a substantial portion of the building or for multiple tenants to lease smaller, individual suites. The building's classification includes both Traditional and Executive Office subtypes, catering to a variety of business needs and sizes. The property is conveniently located in Oakland County, Michigan, with a zip code of 48073, providing easy access to major transportation routes and amenities. Ample parking is available with 27 spaces provided for tenants and their clients. The property's diverse zoning allows for a range of potential uses, making it an ideal location for businesses seeking a prominent presence in the vibrant Royal Oak community. Interested parties are encouraged to inquire about lease terms and available suite sizes. This is a rare opportunity to secure prime commercial real estate in a highly desirable location.

    Property Features for 32552 Woodward Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,101 SF
    Total Rate
    15385.5

    Unit(s) available at that property

    Space
    Space Available
    Size
    2,812 SF
    Rate per SF
    $26

    HighLights

    • Retail/office space with high visibility on Woodward Ave.
    • Large daytime population within a 3‑mile radius.
    • Located south of 14 Mile Rd., near Beaumont Hospital.
    • Excellent location for restaurants or service retailers seeking Woodward Ave. frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Motor City Scuba ... Scuba Instructor Rec Diving Travel Scuba Tour Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oak
    County
    Oakland
    State
    Michigan
    Longitude
    -83.196437
    Latitude
    42.5292205

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    FAQs

    What type of property is this?
    Restaurant - Prime Royal Oak location, multiple suites available.
    Where is this restaurant located?
    The property is located at 32552 Woodward Ave Royal Oak, MI.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: Retail/office space with high visibility on Woodward Ave.; Large daytime population within a 3-mile radius.; Located south of 14 Mile Rd., near Beaumont Hospital.
    Request Owner's contact information
    32552 Woodward Ave Royal Oak, MI 48073
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    32552 Woodward Ave Royal Oak, MI 48073
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