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    2533 Crooks Rd Royal Oak, MI 48073

    Sponsored
    For Lease
    Contact for pricing

    Freestanding building, 1,150 sq ft, ample parking.

    Lot size:
    1,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,150-square-foot freestanding retail building, located at 2533 Crooks Road in Royal Oak, Michigan, presents a unique opportunity for lease or redevelopment. Situated on a 0.78-acre lot, this single-story structure, built in 1953, offers ample potential for a variety of uses. The property boasts 12 parking spaces, ensuring convenient access for customers and employees. Currently vacant, the entire 1,150 square feet is available for immediate occupancy. The building's zoning is Neighborhood Business, allowing for flexibility in potential uses. The property's location is ideal, situated north of 12 Mile Road in the Royal Oak Vicinity submarket, with easy access to major thoroughfares. The property's previous use as an auto repair shop suggests a strong foundation for various retail, food service, or mixed-use projects. The owner is open to build-to-suit options or partnering on redevelopment projects, offering significant flexibility for prospective tenants or developers. The property's parcel numbers are 25-09-152-025 and 026. Ample power is available on-site. This is a rare opportunity to acquire a well-located property with significant redevelopment potential in a thriving Michigan community. The zip code is 48073.

    Property Features for 2533 Crooks Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,150 SF

    Building Details

    Year Built
    1953
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,150 SF

    HighLights

    • 1,150 SF freestanding retail building available for lease or redevelopment.
    • 0.78‑acre lot with 12 parking spaces.
    • Corner lot with traffic signal.
    • Former auto repair shop suitable for various retail, food service, or mixed‑use projects.
    • Owner will consider build‑to‑suit or redevelopment partnerships.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile Prodigy Auto ... Car Repair And Maintenance Service

    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
    -83.1608173
    Latitude
    42.5115889

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    FAQs

    What type of property is this?
    Individual retail property - Freestanding building, 1,150 sq ft, ample parking.
    Where is this individual retail property located?
    The property is located at 2533 Crooks Rd Royal Oak, MI.
    What are key features of this property?
    This property features: 1,150 SF freestanding retail building available for lease or redevelopment.; 0.78-acre lot with 12 parking spaces.; Corner lot with traffic signal.
    Request Owner's contact information
    2533 Crooks Rd 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
    2533 Crooks Rd Royal Oak, MI 48073
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