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Property profile

419 Main St Royal Oak, MI 48067

OFF-MARKET
Turn key restaurants
Property ID
US43-0635958
9,117 SF 0.21 ac lot Built 1939
Entity Owned ~ Est. High Equity

Property summary

AI-generated overview

This exceptional Royal Oak commercial property, located at 419 S Main St, offers a unique investment opportunity. The 17,140 square foot building sits on a 0.21-acre lot and is zoned CB. Built in 1939 and renovated in 2005, this two-story structure currently features a mix of retail and restaurant uses. A significant portion of the building, totaling 15,000 square feet, is currently vacant, presenting a substantial opportunity for a new tenant or business owner. The property includes four parking spaces and is conveniently located south of 6th Street in the Royal Oak Vicinity submarket of Oakland County, Michigan. The property's address is 419 S Main St, Royal Oak, MI 48067. Its APN is 25-22-108-013. This prime corner location offers high visibility and accessibility, making it ideal for a variety of retail or restaurant concepts. The existing infrastructure provides a solid foundation for immediate occupancy, with the potential for further customization to suit specific business needs. This is a turnkey opportunity to acquire a well-situated property in a thriving Michigan community. The property's history and current configuration offer a blend of established character and modern adaptability.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1939
Total area 9,117 SF
Lot 0.21 ac (9,104 SF)
Zoning code CBD
APN 72-25-22-108-013
UPID US43-0635958

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Hotel & Motel Resort

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.17M
Blend (final) Blend
$1.25M

Owner & transaction history

since 2025
Last sale
$2.7M
5 recorded transactions
2025
Price N/A
2025
$2.7M
2018
Price N/A
2017
Price N/A
1969
Price N/A

Zoning & alternative use

CBD · Royal Oak, MI
Top alternative use upside
Commercial (general) $1.7M +9.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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