Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1196 Washington Ave Royal Oak, MI 48067

    For Lease
    Contact for pricing

    400 SF Retail Space, High Foot Traffic

    Lot size:
    400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    The Roy offers a unique opportunity to lease a brand-new, 400-square-foot retail space in a vibrant Royal Oak location. This single-tenant space is situated on the ground floor of a newly constructed, 77-unit apartment building, ensuring high foot traffic from residents. Its prime location on South Washington Avenue places it within easy walking distance of downtown Royal Oak and Oakland Community College, providing excellent access to a diverse customer base. The building's strategic position also offers convenient access to major thoroughfares, including Woodward Avenue and I-696, enhancing visibility and accessibility for customers arriving by car. The entire 400 square feet is currently vacant and ready for immediate occupancy. This presents a rare chance for a business to establish itself in a thriving community with a built-in customer base. The property is classified as retail, with an apartment subtype, in Oakland County. This ground-floor retail space is ideal for a variety of businesses seeking high visibility and convenient access to a large residential population. The combination of a prime location and a captive audience makes this an exceptional opportunity for a small business looking to thrive in a bustling urban setting.

    Property Features for 1196 Washington Ave

    General Information

    Property type
    Multifamily properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    400 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    400 SF

    HighLights

    • 400 square foot retail space in a newly constructed building.
    • Single‑tenant occupancy.
    • Located in Royal Oak, Oakland County, Michigan.
    • Excellent foot traffic potential with 77 residential units above.
    • Convenient access to downtown Royal Oak, Oakland Community College, Woodward Avenue, and I‑696.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oak
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1464661
    Latitude
    42.4796789

    Nearby Similar for Lease

    • $9,277 /Mo
      4,123 SF

      Royal Oak Commercial Space Available

      Prime commercial space in Royal Oak's Social District.
      423 S Washington Ave, Royal Oak, MI 48067
      View Details
    • $5,282 /Mo
      4,244 SF

      Royal Oak Commercial Sublease Opportunity

      Prime commercial space in downtown Royal Oak, suitable for various businesses.
      404 E 4Th St, Royal Oak, MI 48067
      View Details
    • $2,550 /Mo
      3,598 SF

      Downtown Royal Oak Retail Space

      Prime retail space in downtown Royal Oak with high visibility.
      601 N Main St, Royal Oak, MI 48067
      View Details
    • $2,800 /Mo
      1,220 SF

      Downtown Royal Oak Office Space

      Classy 1220 SF office in the heart of Royal Oak.
      417 E 4Th St, Royal Oak, MI 48067
      View Details
    • $800 /Mo
      18,820 SF

      Royal Oak Office Space Sublet

      Partially furnished 500 sq ft office space for sublet.
      26862 Woodward Ave, Royal Oak, MI 48067
      View Details
    • $550 /Mo
      8,643 SF

      Renovated Office Space Near Downtown

      Updated office building near downtown Royal Oak with included utilities.
      1316 N Campbell Rd, Royal Oak, MI 48067
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 400 SF Retail Space, High Foot Traffic
    Where is this multifamily property located?
    The property is located at 1196 Washington Ave Royal Oak, MI.
    What are key features of this property?
    This property features: 400 square foot retail space in a newly constructed building.; Single-tenant occupancy.; Located in Royal Oak, Oakland County, Michigan.
    Request Owner's contact information
    1196 Washington Ave Royal Oak, MI 48067
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1196 Washington Ave
    Royal Oak, MI 48067
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1196 Washington Ave Royal Oak, MI 48067
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.