1026 Main St Royal Oak, MI 48067
- Commercial real estate
- 11,520 SF
- 0.87 lot acres
Current Use by Public Records
- Cardtronics / Atm
- Maria T. Fedor, RPh / Pharmacy
- Margaritt Abunassar, PHARMD / Pharmacy
- higi / Physician
- Rite Aid / Grocery & Convenience Store
Property Details for 1026 Main St
- Year built
- 1988
- Lot size
- 0.87 lot acres
- Property size
- 11,520 SF
- Zone code
- NBHD BUS
- Property type
- Commercial real estate
- APN
- 72-25-15-151-002
- APU
- 722515151002
Description
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,246,000
- AI Estimate
- $2,154,000
Market price range: $1.34M - $2.86MMarket price range: $1.22M - $2.86M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,175,000 Current use
- RESTAURANT
- $1,995,000 Change: -8% Conversion: Difficult
- RETAIL STORES
- $1,945,000 Change: -11% Conversion: Easy
- MEDICAL BUILDING
- $1,820,000 Change: -16% Conversion: Easy
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Royal Oak
- County
- Oakland
- State
- Michigan
- Longitude
- -83.144
- Latitude
- 42.4986
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA