Building Details

Year Built 1922

Units 4

Tenancy Multi

Listing Agency: NAI Farbman Southfield a*@farbman.com Show Phone

Listed By: Rick Ax · License #6506040861

Source: Crexi

Added: Aug 5, 2024 Changed: Aug 8 Last Checked: Aug 20 at 7:23AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Farbman Southfield

Investment Insights

Based on property information with market context.

Located in downtown Royal Oak, Michigan, this commercial real estate offering consists of an office building with a property size of 15000 square feet. The property is suitable for office use.

Key Highlights

• Prime Location in Downtown Royal Oak, MI

Property Analytics

Property Profile

Current Use

The Hastings Injury Law ... Law Firm Young Insurance Law Law Firm The McManus Firm Law Firm Pitt, McGehee, Palmer, ... Law Firm Curewell IV HAUS Spa & Massage Center

Suggested Use

Top Pick Food Market (Bike/Boat/Book/etc) Store Grocery & Convenience Store Plumbing Service Locksmith Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,766

Businesses Nearby

Explore this area Business Placement

Demographics for 48067, MI

24,589

Population

13,714

Households

1.8

Avg Household Size

36

Median Age

67%

College-Educated

96%

High-School Grad

4.6 sq mi

ZIP Area

5,345

Density / Sq Mi

$107,355

Median Household Income

$76,700

Median Earnings

$1,435

Median Rent

$309,200

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Office building in prime Royal Oak location, 15000 square feet.

Where is this office building located?

The property is located at 117 W 4th St Royal Oak, MI.

What are key features of this property?

This property features: Prime Location in Downtown Royal Oak, MI