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    1026 Main St Royal Oak, MI 48067

    Sponsored
    For Lease
    $22 SF/Yr

    Prime Royal Oak location, 11,564 sq ft.

    Lot size:
    11,564 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11,564-square-foot retail space is ideally situated at 1026 N Main Street in Royal Oak, Oakland County, Michigan. The property boasts a highly visible corner location at the southeast intersection of Main Street and Gardenia Avenue, ensuring excellent exposure to a substantial customer base. Built in 1989, this single-tenant building sits on a 0.75-acre lot and is zoned BI, offering flexibility for a variety of retail uses. The property includes ample parking with 44 spaces available for customers and employees. The building itself is well-maintained and presents a fantastic opportunity for a business seeking a prominent location in a thriving area. With a total of 11,564 square feet currently vacant, this space is ready for immediate occupancy. The strong demographics of the area, with a population exceeding 342,000 within a five-mile radius, provide a significant potential customer pool. This property presents a unique opportunity for ground lease or redevelopment, making it an attractive investment for long-term growth. The property's prime location and substantial size make it an exceptional opportunity for a business seeking high visibility and a strong presence in the Royal Oak submarket.

    Property Features for 1026 Main St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,564 SF
    Total Rate
    21200.67

    Building Details

    Year Built
    1989

    Unit(s) available at that property

    Space
    Available Space
    Size
    11,564 SF
    Rate per SF
    $22

    HighLights

    • 11,564 SF retail building available for lease in Royal Oak, Oakland County.
    • Single‑tenant occupancy.
    • 0.75‑acre lot, BI zoning.
    • 44 parking spaces (4.25/1000 ratio).
    • Ground lease or redevelopment potential.
    • High visibility at Main Street & Gardenia Ave. intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cardtronics Atm Maria T. Fedor, ... Pharmacy Margaritt Abunassar, PHARMD Pharmacy higi Health Consultant Rite Aid Convenience Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oak
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1439414
    Latitude
    42.4986849

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    FAQs

    What type of property is this?
    Retail property - Prime Royal Oak location, 11,564 sq ft.
    Where is this retail property located?
    The property is located at 1026 Main St Royal Oak, MI.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 11,564 SF retail building available for lease in Royal Oak, Oakland County.; Single-tenant occupancy.; 0.75-acre lot, BI zoning.
    Request Owner's contact information
    1026 Main St Royal Oak, MI 48067
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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
    1026 Main St Royal Oak, MI 48067
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