For Sale
$1,350,000

431 Main St Royal Oak, MI 48067

Prime Royal Oak location, 100% leased.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
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

FAQs

What type of property is this?
Retail property - Prime Royal Oak location, 100% leased.
Where is the retail property located?
The property is located at 431 Main St Royal Oak, MI.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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431 Main St
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