410 Main StRoyal Oak, MI 48067

Property Details for 410 Main St

Year built

2003

Lot size

0.49 AC

Property size (Sq ft)

18,184 SF

Zone code

CBD

Property type

Commercial real estate

APN

72-25-21-239-013

APU

722521239013

Description

This exceptional 16,000 square foot multi-tenant medical office building, located at 410 N Main St in Royal Oak, Michigan, presents a fantastic leasing opportunity. Currently, 4,418 square feet of readily available space is perfect for expansion or a new practice. The building boasts a diverse property type, encompassing retail, office, and restaurant uses, reflecting its versatile and desirable location. Situated on a generous 3.51-acre lot, the property offers ample parking with a combination of surface, garage, and municipal options ensuring convenient access for patients and staff. The building's prime location in Oakland County, specifically Royal Oak, MI 48067, provides excellent visibility and accessibility. This is an ideal setting for a medical practice seeking a prominent presence in a thriving community. The building's multiple tenancy structure offers a collaborative environment. This exceptional property offers a unique blend of convenience, space, and location, making it an unparalleled opportunity for growth and success. Don't miss this chance to secure your practice's future in this vibrant area. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $4,286,270

  6.5%

  $3,956,560

  7%

  $3,673,950

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,700,930

  Geo Method

  $1,700,930

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,457,960

  Retail / Commercial

  $3,889,320

  Mixed-Use / Specialty

  $3,926,610

  Hospitality / Lodging

  $2,947,430

  Office

  $3,956,560

  Institutional / Educational

  $4,100,370

  Residential Income

  $4,797,440

  Multifamily

  $5,470,200

  Automotive / Energy

  $3,514,600

  Parking / Income-Based Land

  $1,162,310

  Restaurant / Food Service

  $2,151,430

  Healthcare / Senior Housing

  $3,974,210

Location Insight

City

Royal Oak

County

Oakland

State

Michigan

Latitude

42.4868

Longitude

-83.1446

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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