1005 N Main St
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1005 N Main St
1,551 SF Retail Building Royal Oak, MI 48067 $1,406,393 CAD ($907 CAD/SF)
Investment Highlights
- Corner lot on signalized intersection of 3 busy roads.
- Excellent re-development opportunity in Royal Oak, an inner-ring suburb of Detroit.
- Large parking lot for customers and employees
Executive Summary
Take a look at this .41 acre site in down town Royal Oak. Currently zoned Neighborhood Business. Located on the high traffic corner of Main St. and Catalpa, this parcel offers 173 feet of road frontage with water and sewer at street. Nestled just south of the merging of Crooks and Rochester Roads on to Main St. This property catches the high volume of traffic that comes South into downtown Royal Oak. Small 1500 sq. ft. auto shop currently exists on property- value is in the land. Former underground storage tanks have been removed. Permitted to go 36’ in Building Height, with an assortment of uses.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
1,551 SF
Building Class
C
Year Built
1968
Price
$1,406,393 CAD
Price Per SF
$907 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
0.41 AC
Zoning
C-3 - Neighborhood Business
Parking
12 Spaces (5.16 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Signalized Intersection
Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (70)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 25-16-282-014 | Improvements Assessment | $0 CAD |
Land Assessment | $0 CAD | Total Assessment | $236,702 CAD |
PROPERTY TAXES
Parcel Number
25-16-282-014
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$236,702 CAD
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1005 N Main St
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