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    32128 Woodward Ave Royal Oak, MI 48073

    Sponsored
    For Sale
    $2,125,000

    Woodward Ave Retail Building, 8,528 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8,528-square-foot commercial building, located at 32128 Woodward Avenue in Royal Oak, Michigan, presents a lucrative investment opportunity. Built in 1962, this well-maintained two-story storefront sits on a 0.275-acre lot (APN 25-06-252-011) and benefits from a highly desirable General Business zoning (Gen Bus). The property boasts excellent visibility and accessibility due to its prominent Woodward Avenue frontage, offering significant potential for a variety of retail uses. The flexible floor plan allows for customization to suit diverse business needs. Its strategic location provides convenient access to I-696, ensuring easy commutes for employees and customers alike. The asking price is $2,125,000. This turnkey property is ready for immediate occupancy and offers a strong return on investment. The building's solid construction and prime location make it an ideal acquisition for savvy investors seeking a high-traffic, well-established retail space in a thriving Michigan community. Don't miss this chance to own a piece of Royal Oak's vibrant commercial landscape.

    Property Features for 32128 Woodward Ave

    General Information

    Property type
    Individual retail properties
    Lot Size
    11,979 SF

    Building Details

    Year Built
    1962
    Buildings
    1
    Stories
    2

    HighLights

    • 8,528 SF commercial building for sale or lease in Royal Oak, MI.
    • Well‑maintained, two‑story building on a 0.275‑acre lot.
    • High‑visibility location on Woodward Avenue.
    • Flexible floor plan suitable for various retail uses.
    • General Business zoning and close proximity to I‑696.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bourlier's Barbecue and Fireplace ... Grill Store

    Suggested Use

    Law Firm Realty agency 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
    -83.193880112616
    Latitude
    42.526106882194

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    FAQs

    What type of property is this?
    Individual retail property - Woodward Ave Retail Building, 8,528 SF
    Where is this individual retail property located?
    The property is located at 32128 Woodward Ave Royal Oak, MI.
    What is the asking price?
    The asking price for this property is $2,125,000.
    What are key features of this property?
    This property features: 8,528 SF commercial building for sale or lease in Royal Oak, MI.; Well-maintained, two-story building on a 0.275-acre lot.; High-visibility location on Woodward Avenue.
    Request Owner's contact information
    32128 Woodward Ave Royal Oak, MI 48073
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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
    32128 Woodward Ave Royal Oak, MI 48073
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