Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    501 Washington Ave Royal Oak, MI 48067

    Sponsored
    For Sale
    Contact for pricing

    6,930 SF NNN Retail Building in Royal Oak, MI

    Property size:
    6,930 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This 6,930 square foot retail property at 501 S Washington Ave, Royal Oak, MI 48067, is an owner-user opportunity. Currently configured as a full-service hair salon, complete with manicure/pedicure stations and a massage room, the space features floor-to-ceiling windows and a contemporary interior design. The building enjoys a highly visible corner location with signage opportunities on Washington Ave and 5th St. Ample parking is available both on the street and in a structured lot. This prime location in the heart of Royal Oak offers high foot traffic and proximity to numerous dining, retail, and entertainment options. Situated in Southeast Michigan's most walkable community, the property benefits from its central location in Metro Detroit, with easy access to major freeways including I-696, I-75, and M-1. The lease type is NNN. This is an exceptional opportunity for a business seeking a well-established, high-visibility location in a thriving community.

    Property Features for 501 Washington Ave

    General Information

    Property type
    Retail properties
    Square Feet
    6,930 SF

    HighLights

    • 6,930 SF retail building, owner‑user opportunity, currently a full‑service hair salon with manicure/pedicure stations and massage room.
    • Floor‑to‑ceiling windows and contemporary interior design.
    • High‑visibility corner location with signage opportunities on Washington Ave and 5th St.
    • Ample street and structured parking.
    • Prime Royal Oak location with high foot traffic and proximity to dining, retail, and entertainment.
    • High foot traffic in a highly walkable area of Southeast Michigan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oak
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1462637
    Latitude
    42.486196

    Nearby Similar for Sale

    • $549,000
      2,125 SF

      Vintage Farmhouse in Downtown Royal Oak

      Charming 1906 farmhouse with modern updates near downtown Royal Oak.
      338 W Harrison Ave, Royal Oak, MI 48067
      View Details
    • $649,900
      2,067 SF

      Renovated Royal Oak Commercial Office

      Modern, renovated 2,257 SF office building in Royal Oak.
      1504 E Eleven Mile Rd, Royal Oak, MI 48067
      View Details
    • $1,500,000
      5,184 SF

      Royal Oak Hotel for Sale

      Operating 14-unit hotel near downtown Royal Oak, renovated in 2023.
      111 Twelve Mile Rd, Royal Oak, MI 48073
      View Details
    • New
      $109,000
      3,694 SF

      Royal Oak Automotive Business Opportunity

      Turnkey automotive shop in downtown Royal Oak with high traffic.
      32044 Woodward Ave, Royal Oak, MI 48073
      View Details
    • $450,000
      1,220 SF

      Downtown Royal Oak Office Space

      Classy Royal Oak office with parking and high foot traffic.
      417 E 4Th St, Royal Oak, MI 48067
      View Details
    • $369,000

      Downtown Royal Oak Luxury Loft

      Stunning 2-bedroom, 2-bath loft with city views and premium amenities.
      350 N Main St, Royal Oak, MI 48067
      View Details
    • $199,900

      Farming Supply Company Opportunity

      Turn-key farming supply business with real estate, inventory, and equipment.
      508 N Main St, Royal Oak, MI 49639
      View Details
    • $439,444
      2,958 SF

      End-Unit Condo in Indian Mound

      Move-in ready condo with finished basement near Royal Oak.
      3040 Helen Ct, Royal Oak, MI 48073
      View Details
    • $85,000

      Refreshed Co-op Near Downtown

      Move-in-ready co-op with updated features near Royal Oak.
      2125 Clawson Ave, Royal Oak, MI 48073
      View Details
    • $100,000

      Royal Oak Condo with Pool

      Affordable Royal Oak condo near Woodward and I-75 with pool.
      4910 Briarwood Ave, Royal Oak, MI 48073
      View Details
    • $319,900

      Royal Oak Duplex Opportunity

      Desirable Royal Oak duplex near Woodward Ave, ideal for investors.
      214 Woodsboro Dr, Royal Oak, MI 48067
      View Details
    • $68,000

      Royal Oak Co-op Opportunity

      Well-maintained 1-bedroom co-op in a desirable Royal Oak community.
      2121 Clawson Ave, Royal Oak, MI 48073
      View Details

    FAQs

    What type of property is this?
    Retail property - 6,930 SF NNN Retail Building in Royal Oak, MI
    Where is this retail property located?
    The property is located at 501 Washington Ave Royal Oak, MI.
    What are key features of this property?
    This property features: 6,930 SF retail building, owner-user opportunity, currently a full-service hair salon with manicure/pedicure stations and massage room.; Floor-to-ceiling windows and contemporary interior design.; High-visibility corner location with signage opportunities on Washington Ave and 5th St.
    Request Owner's contact information
    501 Washington Ave Royal Oak, MI 48067
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    501 Washington Ave
    Royal Oak, MI 48067
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    501 Washington Ave Royal Oak, MI 48067
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.