Property summary
This exceptional 2,522-square-foot executive office building is ideally situated on Rochester Road in Royal Oak, Michigan, offering unparalleled convenience and visibility. The property, currently listed at $299,000 ($118.56 per square foot), is a standalone structure boasting recent renovations and excellent curb appeal. Its Neighborhood Business zoning provides flexibility for a variety of professional uses. The building features a private parking lot located at the rear, providing ample and convenient parking for employees and clients. This turnkey opportunity is available immediately and presents a rare chance to acquire a well-maintained, high-profile office space in a thriving Michigan community. The building's location offers easy access to downtown Royal Oak, ensuring convenient commutes and proximity to a wealth of amenities. The asking price reflects the exceptional value and prime location of this property, making it an attractive investment for discerning buyers seeking a well-established and easily accessible office space. The property is zoned for Neighborhood Business use, offering versatility for various professional enterprises. Don't miss this chance to own a thriving business in a highly desirable area. This is a fantastic opportunity to establish or expand your business in a prime Royal Oak location.
Property profile
VerifiedCap rate & NOI
Current use
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Tutoring Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
NBHD BUS · Royal Oak, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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