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    31205 Woodward Ave Royal Oak, MI 48073

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    For Sale
    Contact for pricing

    Prime Woodward Ave location, 3,677 SF office space.

    Property size:
    3,677 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,677 square foot executive office building, situated at 31205 Woodward Avenue in Royal Oak, Michigan, presents a unique investment opportunity. Built in 1969, this two-story structure sits on a 0.25-acre lot (APN 25-06-454-031) and boasts a prominent 100+ foot frontage on Woodward Avenue, a high-traffic thoroughfare with over 65,000 vehicles passing daily. The property features a flexible GB zoning designation, allowing for a diverse range of uses including office, lab, and retail spaces. The building offers ample natural lighting and an outdoor employee patio area. Inside, you'll find a functional layout with 13 surface parking spaces (a ratio of 3.54 per 1,000 square feet), providing convenient parking for staff and clients. Its convenient location offers easy walkability to numerous restaurants, enhancing its appeal and functionality. This property is a blend of classic charm and modern adaptability, making it an ideal choice for a variety of businesses seeking a high-visibility location in a thriving community. The building's mixed lab/office configuration offers versatility for a range of potential tenants.

    Property Features for 31205 Woodward Ave

    General Information

    Property type
    Retail properties
    Square Feet
    3,677 SF
    Lot Size
    10,890 SF

    Building Details

    Year Built
    1969
    Buildings
    1
    Stories
    2

    HighLights

    • 3,677 SF office/lab space.
    • 13 surface parking spaces (3.54/1,000 SF).
    • Two‑story building.
    • Excellent walkability to numerous restaurants.
    • High traffic location with 65,000+ vehicles passing daily.
    • 100+ feet of Woodward Avenue frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -83.1887406
    Latitude
    42.5198984

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    FAQs

    What type of property is this?
    Retail property - Prime Woodward Ave location, 3,677 SF office space.
    Where is this retail property located?
    The property is located at 31205 Woodward Ave Royal Oak, MI.
    What are key features of this property?
    This property features: 3,677 SF office/lab space.; 13 surface parking spaces (3.54/1,000 SF).; Two-story building.
    Request Owner's contact information
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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
    31205 Woodward Ave Royal Oak, MI 48073
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