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Financial
Distress signals
Property profile

401 S Lafayette Ave Royal Oak, MI 48067

FOR SALE
Turn key restaurants
Property ID
US43-0189345
5,566 SF 0.15 ac lot Built 1965
Last sale Feb 2013 · $900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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401 S Lafayette Ave, Royal Oak, MI 48067 For Sale 1 / 20
Contact for pricing 5,566 SF
401 S Lafayette Ave, Royal Oak, MI 48067
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Property summary

AI-generated overview

A corner restaurant space located at the Lafayette Avenue and 4th Street intersection in Royal Oak, within the Royal Oak DDA and Central Business District, approximately three blocks west of Main Street’s primary retail spine, and positioned across from Ronin Sushi and directly opposite a public parking deck. The space is built out with restaurant-grade infrastructure, including commercial kitchen ventilation, grease management systems, gas service, and three-phase electrical service, and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2021

What does the county charge?
$34k
Tax billed · 2021
Assessed value · 2024$897k
Effective rate3.83%

Value estimate

· Oct 2026
$1.21M
$1.08M – $1.33M
Submarket $/SF estimate$1.32M

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$173/SF
County average, outlier-cleaned · 126 recorded sales of this use type
Observed band · Q1–Q3$99 – $238
Qualifying comparables13

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CBD
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service13.0
Grocery Store11.8
Food Market11.2

Location

401 S Lafayette Ave Royal Oak, MI 48067
County assessor Recorded deeds · 4 transfers 13 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
107 Main, Royal Oak, MI 48067-2610 $575,000 Jan 2024 3,275 SF
112 3rd, Royal Oak, MI 48067-2601 $800,000 Jul 2022 2,933 SF
111 Main, Royal Oak, MI 48067-2610 $1,025,000 Jan 2022 3,278 SF
112 Main, Royal Oak, MI 48067-2658 $925,000 Oct 2021 4,092 SF
100 Main, Royal Oak, MI 48067-2630 $3,465,000 Jun 2020 6,351 SF
841 11th Mile, Royal Oak, MI 48067-1965 $215,000 Apr 2019 3,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $795,000
    3,675 SF
    423 11th Mile Rd
    DRIVE-THRU RESTAURANT, FAST FOOD
    423 11th Mile Rd, Royal Oak, MI 48067-2240
    View Details
  • Value Estimation
    $440,000
    3,006 SF
    530 Main St
    FINANCIAL BUILDING
    530 Main St, Royal Oak, MI 48067-1815
    View Details
  • Value Estimation
    $400,000
    2,910 SF
    25852 Woodward Ave
    GROCERY, SUPERMARKET
    25852 Woodward Ave, Royal Oak, MI 48067-0910
    View Details
  • Value Estimation
    $515,000
    2,604 SF
    1121 Campbell Rd
    GROCERY, SUPERMARKET
    1121 Campbell Rd, Royal Oak, MI 48067-1521
    View Details
  • Value Estimation
    $2,505,000
    12,222 SF
    303 Williams St
    RESTAURANT
    303 Williams St, Royal Oak, MI 48067-2604
    View Details
  • Value Estimation
    $405,000
    2,494 SF
    708 Lincoln Ave
    GROCERY, SUPERMARKET
    708 Lincoln Ave, Royal Oak, MI 48067-3356
    View Details

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  • $2,450,000
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    1,032 SF
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    Freestanding former bank property with private parking and a two-lane drive-through.
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  • $2,000,000
    Multi-Tenant Corner Retail Building
    Multi-tenant retail building situated on the southeast corner of Main Street and Catalpa.
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Similar Nearby for Lease

  • New
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    5,913 sqft
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    Retail space available on Woodward Avenue in Royal Oak.
    27862 Woodward Ave, Royal Oak, MI 48067
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    Flexible retail premises with two restrooms, rear parking, and prominent building signage potential.
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    View Details
  • Contact for pricing
    4,690 sqft
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    Freestanding retail building for lease with signage and municipal parking behind the property on Main Street.
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  • Contact for pricing
    3,465 sqft
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    Corner retail space with floor-to-ceiling glass, street/structure parking, and existing salon buildout.
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  • $12 SF/Yr
    1,635 sqft
    Renovated Mixed-Use Retail/Office Space
    First-floor space plus finished lower level for retail or office users in Royal Oak.
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  • New
    $30 SF/Yr
    2,708 sqft
    Downtown Retail Building
    Retail building near Royal Oak’s downtown activity and established commercial corridors.
    408 Lafayette Ave, Royal Oak, MI 48067
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