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    302 Main St Royal Oak, MI 48067

    Sponsored
    For Lease
    $16 SF/Yr ($7,909 /Mo)

    Prime Medical Office Suites Available Now

    Lot size:
    5,752 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Class C medical office building, located at 302 South Main Street in Royal Oak, Michigan, offers 5,752 square feet of completely vacant space, ideal for a variety of medical practices. The property is situated in Oakland County, zip code 48067, and provides convenient access for patients and staff. Multiple tenancy options are available, with spaces ranging from a minimum of 2,302 square feet to a maximum contiguous space of 3,450 square feet. This presents a unique opportunity for either a single large tenant seeking significant space or multiple smaller tenants looking for flexible options. The building's location in Royal Oak offers excellent visibility and accessibility, making it an attractive option for establishing or expanding a medical practice. The entire building is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This is a rare opportunity to secure a substantial medical office space in a desirable location. Interested parties should inquire promptly to explore the possibilities. The property is easily accessible and well-suited for a variety of medical specialties. This is a fully vacant building, ready for immediate occupancy.

    Property Features for 302 Main St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,752 SF
    Class
    C
    Total Rate
    7909

    Unit(s) available at that property

    Space
    Suite 100 (Lower Level)
    Size
    3,450 SF
    Rate per SF
    $16
    Space
    Suite 201 (2nd Floor)
    Size
    2,302 SF
    Rate per SF
    $24

    HighLights

    • 5,752 SF fully vacant Class C medical office building in Royal Oak, MI (48067).
    • Available space ranges from 2,302 SF to 3,450 SF contiguous.
    • Suite 100: 3,450 rentable SF (3,160 usable SF) at $16.50/SF gross + utilities; Suite 201: 2,302 rentable SF (2,056 usable SF) at $24.50/SF gross + utilities.
    • Excellent location with walkability to over 50 restaurants and bars.
    • Minutes from I‑75/I‑696 interchange, with Starbucks and Freshii on the first floor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gowda Legal Services Legal Services JENerate Consulting Consultant Friedman Law Firm Criminal Justice Attorney Askari Asante, Psychologist Psychologist Maria Barretta, LPC Marriage Or Relationship Counselor

    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
    -83.1445882
    Latitude
    42.4879281

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Suites Available Now
    Where is this medical office located?
    The property is located at 302 Main St Royal Oak, MI.
    What is the lease rate?
    The lease rate is $16-$24 SF/Yr.
    What are key features of this property?
    This property features: 5,752 SF fully vacant Class C medical office building in Royal Oak, MI (48067).; Available space ranges from 2,302 SF to 3,450 SF contiguous.; Suite 100: 3,450 rentable SF (3,160 usable SF) at $16.50/SF gross + utilities; Suite 201: 2,302 rentable SF (2,056 usable SF) at $24.50/SF gross + utilities.
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    302 Main St Royal Oak, MI 48067
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    Royal Oak, MI 48067
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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
    302 Main St Royal Oak, MI 48067
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