1019 Main StRoyal Oak, MI 48067

  • Other commercial real estate
  • 4,598 SF
For Lease

Property Details for 1019 Main St

Year built
1950
Lot size
0.14 AC
Property size (Sq ft)
4,598 SF
Zone code
NBHD BUS
Property type
Other commercial real estate
APN
72-25-16-282-013
APU
722516282013

Description

This exceptional 4,598-square-foot free-standing retail building is ideally situated at 1019 N Main St in Royal Oak, Michigan, 48067. Built in 1950, this single-story structure offers a significant opportunity for a variety of commercial uses, including restaurants. The property is currently vacant, presenting a blank canvas for a new tenant to customize the space to their specific needs. The zoning is NB - Neighborhood Business, allowing for a range of compatible businesses. The building's single-tenant occupancy ensures complete control and flexibility. Parking is available at a ratio of approximately 1.05 spaces per 1,000 square feet. The property's location on Main Street provides excellent visibility and accessibility, placing it within a thriving commercial district. The APN is 25-16-282-013, and the property is located in Oakland County. This is a rare opportunity to secure a prominent retail space in a highly desirable location. The entire 4,598 square feet is available for lease, offering ample space for a substantial business operation. This property presents a unique chance to establish a strong presence in the heart of Royal Oak.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,094,615
    Hospitality
    $1,002,661
    Educational
    $834,203
    Medical
    $862,892
    Retail
    $1,297,648
1019 Main St, Royal Oak, Michigan

Location Insight

City
Royal Oak
County
Oakland
State
Michigan
Latitude
42.4989
Longitude
-83.1451
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$8,764
-
-
$210,730
-
-
-
$421,460

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