1103 Washington Ave, Royal Oak, MI 48067-3219
This exceptional 1,744 square foot commercial lot, located at 1103 S Washington Avenue in Royal Oak, Michigan, presents a unique investment opportunity. Situated in the heart of downtown Royal Oak, this property boasts a highly visible location east of Woodward Avenue and north of I-696, surrounded by new developments. Currently configured as office space, the property offers remarkable flexibility for conversion into a mixed-use development, catering to a variety of commercial ventures. The property includes a spacious parking lot at the rear, a significant advantage in this bustling area. The asking price is $549,900. The property is zoned for commercial use and is located in Oakland County, Michigan, zip code 48067. This prime location offers excellent visibility and accessibility, making it an ideal investment for those seeking a versatile property in a thriving downtown setting. The property's size and location make it suitable for a range of commercial uses, providing significant potential for future growth and return on investment. This is a rare opportunity to acquire a substantial commercial lot in a highly desirable area of Royal Oak.
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JULIA MARY Spiritual Center
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Hanna D Clampitt LLP Family Counselor
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Center For Natural Healing Physician Alternative Medicine Practice
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Glover-Preece Janette Counselor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MIX USE 2 · Royal Oak, MIRoyal Oak. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.