917 Main StRoyal Oak, MI 48067

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

Bars

Property subtype

Pubs

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.

• CAP approach

  CAP return

  Valuation

  6%

  $277,358

  6.5%

  $256,023

  7%

  $237,735

• Comparable approach

  Method

  Valuation

  Relative Method

  $116,446

  Geo Method

  $116,446

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $490,936

  Mixed-Use / Specialty

  $258,477

  Hospitality / Lodging

  $194,021

  Office

  $260,449

  Institutional / Educational

  $269,916

  Residential Income

  $315,801

  Multifamily

  $360,087

  Automotive / Energy

  $231,356

  Parking / Income-Based Land

  $76,511.40

  Restaurant / Food Service

  $141,622

  Healthcare / Senior Housing

  $261,610

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

FAQs

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