30333 Woodward AveRoyal Oak, MI 48073

Property Details for 30333 Woodward Ave

Year built

1926

Lot size

0.09 AC

Property size (Sq ft)

1,402 SF

Zone code

GEN BUS

Property type

Commercial real estate

APN

72-25-08-153-035

APU

722508153035

Description

This exceptional 2,737 square foot storefront, located at 30333 Woodward Avenue in Royal Oak, Michigan, presents a unique investment opportunity. Built in 1926, this two-story building sits on a 0.09-acre lot and offers significant potential for redevelopment. Currently vacant, the property requires full renovation and repair, allowing for complete customization to suit a variety of retail uses. Its prime location on Woodward Avenue ensures high visibility and substantial foot and vehicle traffic, further enhanced by its proximity to Corewell Health Hospital of Royal Oak and numerous national retailers. The building's excellent exposure and signage opportunities are ideal for businesses seeking maximum brand visibility. The included adjacent lot to the south offers additional development potential, adding to the overall value of this property. This high-traffic location makes it an attractive investment for both business owners and investors seeking a prime retail space in a thriving Michigan community. The asking price is $450,000. The property is zoned for retail use.

• Alternative Use

  Use

  Valuation

  Residential

  $333,765

  Hospitality

  $305,727

  Educational

  $254,361

  Medical

  $263,109

  Retail

  $395,673

Location Insight

City

Royal Oak

County

Oakland

State

Michigan

Latitude

42.5125

Longitude

-83.1818

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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