Property summary
This exceptional freestanding retail storefront, located at 4051 W. 13 Mile Road in Royal Oak, Michigan, presents a compelling investment opportunity. The property boasts 2,960 square feet of space, currently 100% occupied, within a single-story building constructed in 1970. Situated on a 0.22-acre lot, the property offers convenient on-site parking for approximately 10 vehicles. The building features a 13-foot ceiling height, providing ample space and flexibility for a variety of retail uses. Its prime location in Royal Oak, ideally situated between Royal Oak and Birmingham, offers excellent visibility and accessibility. The property's proximity to Corewell Health - Beaumont Royal Oak Hospital further enhances its desirability and potential for strong tenant occupancy. The asking price is $665,000, translating to approximately $224.66 per square foot. This represents a significant opportunity for both business owners seeking a well-established location and investors looking for a strong return on investment in a thriving market. The property is zoned for retail use. Please note: Do not approach current business employees or enter the store without prior arrangement.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
NBHD BUS · Royal Oak, MIZoning
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Zoning designation
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