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Property profile & analytics

1026 Main St Royal Oak, MI 48067

  • Commercial real estate
  • 11,520 SF
  • 0.87 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-0867032
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $2,246,000
    Market price range: $1.34M - $2.86M
    AI Estimate
    $2,154,000
    Market 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$32,600
$0.00
$0.00
$864,650
-
$0.00
$0.00
$1,729,300
More about this property
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