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Royal Oak Office Complex
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628 E Parent Ave, Royal Oak, MI 48067

Stylish office complex near downtown Royal Oak for rent.

Space Size108 SF
Days on Market660

Property Features for 628 E Parent Ave

General Information

Standard status Active
Size 108 SF
Property subtype Office
Lease Type Modified Gross

Building Details

Year Built 1942
Tenancy Multiple

Spaces For Lease

at 628 E Parent Ave Contact us

628 E Parent Ave-Unit 505

Size
108 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: JSA Realtors and Associates
Listed By: Jim Shaffer · License #301702
Source: Crexi
Added: Nov 1, 2024 Changed: Aug 16 Last Checked: Aug 22 at 10:18AM

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 JSA Realtors and Associates

Investment Insights

Based on property information with market context.

This stylish and quiet office complex is located within walking distance of downtown Royal Oak. The property is suitable for small businesses and entrepreneurs seeking a professional and comfortable setting. The complex has been recently renovated and features a shared lobby and a modern conference space. There are six suites available in various sizes, and these offices can be combined or tailored to suit specific tenant needs. Ample off-street parking is available, along with free on-street parking.

Key Highlights

  • Prime location within walking distance of downtown Royal Oak.
  • Recently renovated with a welcoming shared lobby and modern conference space.
  • Flexible office suites available in various sizes, combinable and tailorable to tenant needs.

Property Analytics

Current Use

Contour Land Group Architecture Firm Phalanges Manicure Studio Nail Salon The Lash and Brow Studio Hair Salon Lunar Lash Bar- ... Hair Salon Burke Video Co Film Production

Suggested Use

Top Pick Grocery & Convenience Store Pharmacy (Bike/Boat/Book/etc) Store Daycare Center Carpet & Flooring Store Food Market

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

Lease Details

NNN (Triple Net)
Lease Type
$6.62 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,283
Businesses Nearby

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

Lease Benchmarks for Royal Oak, MI

$26.35 /SF/Yr
Avg Asking Price
$4.17–$63.89 /SF/Yr
Price Range
6,098 SF
Avg Space Size

This space is priced 68% above the average of $26.35 /SF/Yr.

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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Frequently Asked Questions

What type of property is this?
Office units - Stylish office complex near downtown Royal Oak for rent.
Where is this office units located?
The property is located at 628 E Parent Ave Royal Oak, MI.
What is the lease rate?
The lease rate is $44.16 SF/Yr.
What are key features of this property?
This property features: Prime location within walking distance of downtown Royal Oak.; Recently renovated with a welcoming shared lobby and modern conference space.; Flexible office suites available in various sizes, combinable and tailorable to tenant needs.
(734) 777-9033 Call to check price and availability
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