917 Main StRoyal Oak, MI 48067
- Retail properties
- 1,197 SF
Property Details for 917 Main St
- Year built
- 1951
- Lot size
- 0.13 AC
- Property size (Sq ft)
- 1,197 SF
- Zone code
- NBHD BUS
- Property type
- Retail properties
- Property subtype
- Bars
- APN
- 72-25-16-427-034
- APU
- 722516427034
Description
This exceptional commercial property at 917 N. Main Street in Royal Oak, Michigan, offers a unique opportunity for businesses seeking flexible and modern office space. The building, totaling 3,990 square feet, features a desirable mix of retail and office space, currently offering 1,774 square feet of immediately available space for lease. The space boasts a generous 12-foot ceiling height, providing a sense of spaciousness and versatility for various office configurations. The property is zoned for flexible use, allowing for a wide range of business applications. With multiple tenancies, this location offers a vibrant and collaborative environment. Conveniently located at 917 N. Main St, Royal Oak, MI 48067, the property includes six parking spaces for tenants and visitors. This prime Royal Oak location provides easy access to major roadways, local amenities, and a thriving business community. The available space is ideal for businesses seeking a prominent address and a functional, well-maintained office environment. Don't miss this chance to secure your business's future in this highly sought-after area. Inquire today to learn more about leasing this exceptional space.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $365,969
- 6.5%
- $337,818
- 7%
- $313,688
-
Comparable approach
- Method
- Valuation
- Relative Method
- $282,158
- Geo Method
- $282,158
-
Alternative Use
- Use
- Valuation
- Residential
- $284,962
- Hospitality
- $261,023
- Educational
- $217,168
- Medical
- $224,637
- Retail
- $337,818
Location Insight
- City
- Royal Oak
- County
- Oakland
- State
- Michigan
- Latitude
- 42.4972
- Longitude
- -83.145
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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