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    Property profile & analytics
    OFF-MARKET Estimated value $2,200,000
    Commercial real estate

    1026 Main St, Royal Oak, MI 48067-1317

    11,520 SF 0.87 ac lot Built 1988
    Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-0867032
    Property summary
    AI-generated overview

    This exceptional 11,564-square-foot retail space is ideally situated at 1026 N Main Street in Royal Oak, Oakland County, Michigan. The property boasts a highly visible corner location at the southeast intersection of Main Street and Gardenia Avenue, ensuring excellent exposure to a substantial customer base. Built in 1989, this single-tenant building sits on a 0.75-acre lot and is zoned BI, offering flexibility for a variety of retail uses. The property includes ample parking with 44 spaces available for customers and employees. The building itself is well-maintained and presents a fantastic opportunity for a business seeking a prominent location in a thriving area. With a total of 11,564 square feet currently vacant, this space is ready for immediate occupancy. The strong demographics of the area, with a population exceeding 342,000 within a five-mile radius, provide a significant potential customer pool. This property presents a unique opportunity for ground lease or redevelopment, making it an attractive investment for long-term growth. The property's prime location and substantial size make it an exceptional opportunity for a business seeking high visibility and a strong presence in the Royal Oak submarket.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1988
    Total area 11,520 SF
    Lot 0.87 ac (37,941 SF)
    Zoning code NBHD BUS
    APN 72-25-15-151-002
    UPID US43-0867032
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Cardtronics Atm
    • Maria T. Fedor, RPh Pharmacy
    • Margaritt Abunassar, PHARMD Pharmacy
    • higi Physician
    • Rite Aid Grocery & Convenience Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.25M
    Blend (final) Blend
    $2.20M
    Owner & transaction history
    Royal West Pharmacy LP · 13 yrs held
    Royal West Pharmacy LP
    since 2012
    3 recorded transactions
    2012
    $1.5M
    1969
    1969
    Zoning & alternative use
    NBHD BUS · Royal Oak, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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