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    117-123 Main St Royal Oak, MI 48067

    Sponsored
    For Lease
    $16 SF/Yr ($17,629 /Mo)

    Prime Royal Oak location, flexible suites available.

    Lot size:
    13,222 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story, Class B commercial building, located at 117-123 S. Main St in Royal Oak, Michigan, offers a unique opportunity for businesses seeking executive office space. Built in 1925, the property boasts a total of 13,222 square feet, situated on a 0.62-acre lot in the heart of the Central Business District (CBD), zoned accordingly. The building features ample parking for tenants and offers multiple tenancy options, with spaces ranging from a minimum of 541 square feet to a maximum contiguous space of 3,150 square feet. Currently, 7,374 square feet of space is available for lease. The building's interior features impressive ceiling heights ranging from 14 to 15 feet, providing a spacious and modern feel. The property's address is 25-22-101-005 (APN) in Oakland County, Michigan, zip code 48067. This is an excellent opportunity to establish a presence in a thriving Royal Oak business district. The property's location offers easy access to major transportation routes and a variety of amenities. Inquire today to learn more about leasing options and secure your ideal office space.

    Property Features for 117-123 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,222 SF
    Class
    B
    Total Rate
    17629.33

    Building Details

    Year Built
    1925
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 100
    Size
    1,833 SF
    Space
    Suite 110
    Size
    932 SF
    Space
    Suite 119
    Size
    3,150 SF
    Rate per SF
    $25
    Space
    Suite 130
    Size
    541 SF
    Space
    Unit 270
    Size
    918 SF
    Rate per SF
    $16

    HighLights

    • 541‑1,833 square feet of available office space.
    • Centrally located in the Royal Oak CBD.
    • Abundant parking available in a nearby city‑owned structure.
    • Move‑in ready office suites in a prime Downtown Royal Oak location.
    • Convenient access to year‑round amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -83.14434241
    Latitude
    42.48905078

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Royal Oak location, flexible suites available.
    Where is this office property / space located?
    The property is located at 117-123 Main St Royal Oak, MI.
    What is the lease rate?
    The lease rate is $0.00-$25 SF/Yr.
    What are key features of this property?
    This property features: 541-1,833 square feet of available office space.; Centrally located in the Royal Oak CBD.; Abundant parking available in a nearby city-owned structure.
    Request Owner's contact information
    117-123 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
    117-123 Main St Royal Oak, MI 48067
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