For Sale
$1,350,000

431 Main StRoyal Oak, MI 48067

Prime Royal Oak location, 100% leased.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional mixed-use investment opportunity is located at 431 N Main Street in the heart of Royal Oak's vibrant commercial district. The property, built in 1919, boasts a total of 5,780+/- square feet situated on a 0.1-acre lot (APN 25-16-483-022). The building features 3,504 square feet of ground-floor retail space, currently fully leased, providing immediate and consistent cash flow. Above the retail space, four apartments occupy the second floor, also currently 100% leased, contributing to the property's strong, stabilized income stream. This presents a rare opportunity to acquire a fully leased, high-performing asset in a prime location. The asking price for this exceptional investment is $1,350,000. The property's location on North Main Street offers unparalleled visibility and accessibility, placing it within easy reach of a thriving customer base and a dense residential population. This is a truly unique opportunity to own a piece of Royal Oak's thriving commercial landscape. The property's strong tenant occupancy and prime location make it an ideal investment for those seeking a stable and appreciating asset in a highly desirable market.

Highlights

  • For Sale: Mixed-Use Investment Property in Downtown Royal Oak.
  • Prime location on N. Main Street in Royal Oak's commercial district.
  • 5,780+/- SF building with first-floor retail and four second-floor apartments.
  • 100% leased, offering a stabilized investment.
  • Rare opportunity in a prime location.
  • Asking price: $1,350,000.

Property Details for 431 Main St

Property type
Retail properties, Mixed-use properties
Square Feet
3,504 SF
Year Built
1919
Lot Size (sq. ft)
4,356 SF

Location Insight

City
Royal Oak
County
Oakland
State
Michigan
Latitude
42.4929006
Longitude
-83.1447558
431 Main St, Royal Oak, Michigan

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431 Main St
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