917 Main StRoyal Oak, MI 48067

  • Retail properties
  • 1,197 SF
For Lease

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
917 Main St, Royal Oak, Michigan

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

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
$5,252
-
-
$149,400
-
-
-
$298,800

FAQs

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