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    28074 Woodward Ave Royal Oak, MI 48067

    Sponsored
    For Lease
    $20 SF/Yr

    Prime Woodward Ave location, 5,947 sq ft lot, single tenant.

    Lot size:
    5,694 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Royal Oak retail property, located at 28074 Woodward Avenue, offers a single-tenant space situated on a 5,947 square foot lot. Built in 1952, this one-story building features a brand new storefront and is zoned B1. The property boasts high visibility and excellent foot traffic due to its prime Woodward Avenue location in the vibrant city of Royal Oak, Michigan, zip code 48067. The interior offers a spacious, open layout perfect for retail or office use, enhanced by expansive windows creating a bright and inviting atmosphere. The property is ideal for businesses seeking high visibility and convenient access for customers. With no elevators, the single-story design provides easy accessibility. The property's parcel number (APN) is 2517279005, and it is located in Oakland County. This is a rare opportunity to secure a highly sought-after location for your business in a bustling commercial area. The property's size and location make it an excellent investment for a variety of businesses.

    Property Features for 28074 Woodward Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,694 SF

    Building Details

    Year Built
    1952
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    5,694 SF
    Rate per SF
    $20

    HighLights

    • High‑visibility storefront on Woodward Ave, Royal Oak, MI.
    • Flexible floorplan adaptable for retail or office tenants.
    • High traffic count exceeding 88,177 vehicles daily on Woodward Ave.
    • Recently renovated with new glass storefront and roof.
    • Abundant natural light from expansive windows.
    • Excellent space for retail display or office operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -83.166333540503
    Latitude
    42.49745392527

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Woodward Ave location, 5,947 sq ft lot, single tenant.
    Where is this office property / space located?
    The property is located at 28074 Woodward Ave Royal Oak, MI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: High-visibility storefront on Woodward Ave, Royal Oak, MI.; Flexible floorplan adaptable for retail or office tenants.; High traffic count exceeding 88,177 vehicles daily on Woodward Ave.
    Request Owner's contact information
    28074 Woodward Ave Royal Oak, MI 48067
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    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
    28074 Woodward Ave Royal Oak, MI 48067
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