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    208 5Th St Royal Oak, MI 48067

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    Prime Downtown Royal Oak Restaurant, 15,635 SF

    Property size:
    15,635 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional three-story restaurant located at 208 West 5th Street in Royal Oak, Michigan, presents a unique investment opportunity. Boasting 15,635 square feet of space, this established eatery is situated in a prime downtown location within walking distance of all major attractions and residential apartments. Built in 1995, the property features an updated interior and benefits from a highly desirable absolute NNN lease with nine years remaining on a five-year term. The building's strategic layout includes a top-floor patio and bar, adding significant appeal and potential for increased revenue. The property's Centr permitted zoning ensures flexibility and future development possibilities. The APN is 25 21 237 006. This turnkey operation is ideally positioned in Metro Detroit's most popular downtown area, offering immediate income generation and long-term growth potential. The property's size and location make it an attractive investment for discerning buyers seeking a well-established restaurant in a thriving urban setting. This is a rare opportunity to acquire a profitable and established business in a high-demand location. The property is located in Oakland County, Michigan, zip code 48067.

    Property Features for 208 5Th St

    General Information

    Property type
    Restaurants
    Square Feet
    15,635 SF

    Building Details

    Year Built
    1995
    Stories
    3

    HighLights

    • 15,635 SF building.
    • Absolute NNN lease with 9 years remaining.
    • Prime downtown Metro Detroit location.
    • Three‑story restaurant space with rooftop patio and bar.
    • Updated interior finishes.
    • Walkable to downtown attractions and apartments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cardtronics ATM Atm Pastaio Handmade Pasta ... Italian Restaurant 00 Bar Nightclub Night Club HopCat Bar & Grill

    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
    -83.1458877
    Latitude
    42.4864874

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    FAQs

    What type of property is this?
    Restaurant - Prime Downtown Royal Oak Restaurant, 15,635 SF
    Where is this restaurant located?
    The property is located at 208 5Th St Royal Oak, MI.
    What are key features of this property?
    This property features: 15,635 SF building.; Absolute NNN lease with 9 years remaining.; Prime downtown Metro Detroit location.
    Request Owner's contact information
    208 5Th 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
    208 5Th St Royal Oak, MI 48067
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