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    32106 Woodward Ave Royal Oak, MI 48073

    For Sale
    Contact for pricing

    Prime Royal Oak retail redevelopment site.

    Property size:
    23,522 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional redevelopment opportunity encompasses three buildings totaling 23,522 square feet on a 0.53-acre lot at 32106 Woodward Ave, Royal Oak, MI 48073. The property boasts 12,917 square feet of net rentable space, currently vacant, and is ideally situated on a high-traffic corridor with over 100,000 cars daily. The site features excellent Woodward Avenue frontage exceeding 174 feet, offering unparalleled visibility and accessibility. Currently zoned C-S (Commercial-Service), the city is open to various commercial uses, including mixed-use proposals for multiple stories. This assemblage presents a unique chance to capitalize on the strong demographics of the area, with over 12,000 people residing within a one-mile radius. The property is offered for sale, with the current owner also open to considering a ground lease. This prime location, combined with its size and zoning flexibility, makes this an unparalleled investment opportunity in a thriving Michigan market. The three buildings are two stories high, and the property includes three units. The current zoning allows for a variety of commercial uses, including bank, QSR/fast food, and storefront options.

    Property Features for 32106 Woodward Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    23,522 SF
    Lot Size
    23,087 SF

    Building Details

    Buildings
    3
    Stories
    2
    Units
    3

    HighLights

    • Redevelopment opportunity: 23,522 SF on a 0.53‑acre lot at 32106 Woodward Ave, Royal Oak, MI.
    • High‑traffic location on Woodward Ave, exceeding 100,000 cars daily, with over 174 feet of frontage.
    • 12,917 SF of net rentable space, currently vacant.
    • C‑S (Commercial‑Service) zoning, allowing for mixed‑use development.
    • Strong demographics: over 12,000 residents within a one‑mile radius.
    • Sale or ground lease options available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oak
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1933343
    Latitude
    42.5258788

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    FAQs

    What type of property is this?
    Individual retail property - Prime Royal Oak retail redevelopment site.
    Where is this individual retail property located?
    The property is located at 32106 Woodward Ave Royal Oak, MI.
    What are key features of this property?
    This property features: Redevelopment opportunity: 23,522 SF on a 0.53-acre lot at 32106 Woodward Ave, Royal Oak, MI.; High-traffic location on Woodward Ave, exceeding 100,000 cars daily, with over 174 feet of frontage.; 12,917 SF of net rentable space, currently vacant.
    Request Owner's contact information
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    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
    32106 Woodward Ave Royal Oak, MI 48073
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