Retail Space
505 South Lafayette Avenue Royal Oak, MI 48067
Details & Description
Price: $0
    Located directly across the street from the newly announced Flagship Baker College Campus (1,500 students & 50 staff).Exciting opportunity to locate retail, restaurant or office uses on this newly reenergized corridor.The building sits as the end-cap to 5th Street and Lafayette Avenue – which offers a walkable “activated’ alley leading to many businesses and parking structures.Many new development multiple-family projects under construction in the immediate area.
    Property ID:    262427
    Property URL: melqr.com/262427
    Generated:    05-10-24
    Listing Agents
    Anthony Vitale

    O: 248-488-2620
    avitale@landmarkcres.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Retail Space / Michigan / Royal Oak / 48067 / 505 South Lafayette Avenue

    505 South Lafayette Avenue

    Royal Oak, MI 48067

    Listing ID: 262427
    Print Single-Page Version
    505 South Lafayette Avenue Royal Oak, MI 48067 | for Lease | Photo 1
    Unit Size: 4,000 SF
    Annual Rate/SF: $25.00
    Monthly Price: $8,333.00
    Service Type: NNN
    Lot Size: --
    Land Size: --
    Price
    $25.00 sf/yr
    Description

    Located directly across the street from the newly announced Flagship Baker College Campus (1,500 students & 50 staff).

    Exciting opportunity to locate retail, restaurant or office uses on this newly reenergized corridor.

    The building sits as the end-cap to 5th Street and Lafayette Avenue – which offers a walkable “activated’ alley leading to many businesses and parking structures.

    Many new development multiple-family projects under construction in the immediate area.

    Attachments & Files
    rare-freestanding-opportunity-505-s-lafayette-r-HDZ.pdf

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Warren History of Retail Space for Lease

    Royal Oak Area Market Trends

    Listing Demographics for 505 South Lafayette Avenue Royal Oak, MI 48067

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population16,401146,464365,770
    Population Median Age393940
    Population by Age0-9 Yrs1772 (10%)15104 (10%)38581 (10%)
    10-19 Yrs1276 (7%)12677 (8%)37971 (10%)
    20-29 Yrs2783 (16%)25669 (17%)59111 (16%)
    30-39 Yrs2956 (18%)25644 (17%)53972 (14%)
    40-49 Yrs2255 (13%)17747 (12%)45613 (12%)
    50-59 Yrs2093 (12%)19568 (13%)48570 (13%)
    60-69 Yrs1858 (11%)16916 (11%)43038 (11%)
    70+ Yrs1408 (8%)13140 (8%)38914 (10%)
    Median HH Income$94,662$70,528$58,874
    Total Household Income< 24K932 (11%)10955 (16%)33513 (21%)
    25-49K1081 (13%)12766 (19%)34873 (22%)
    50-74K1199 (14%)11717 (17%)28325 (17%)
    75-99K1042 (12%)9717 (14%)20641 (13%)
    100-199K2481 (30%)17057 (25%)32710 (20%)
    200K+1327 (16%)4605 (6%)8111 (5%)
    Highest Education LevelNo Diploma305607122269
    Diploma or GED13712134961543
    Some College16602264861208
    Assoc. Degree839843721240
    Bachelors Degree45503092059269
    Higher Degree37361946638830
    Total Housing Units8,77571,759176,403
    --Owner-Occupied5,49845,285100,563
    --Renter-Occupied2,56421,53257,609
    Owner-Occupied Values< 100K113789829364
    100-199K10591820139166
    200-299K18951113219065
    300-399K107546276991
    400-499K55216712556
    500K+80317563422
    Total Working Age Population13,734123,548304,265
    In Work Force10,54089,312199,747
    Not In Work Force3,19534,236104,518
    Workforce Employed10,22085,958186,766
    Workforce Unemployed3103,23812,838
    Civlian Workforce10,52989,196199,604
    Military Workforce10116144
    Total Households8,06266,817158,172
    Family Households3,75033,42784,922
    Non-Family Households4,31133,39073,251
    Married Couple3,33225,12955,242
    Other Family4188,29829,680
    Married w/Child1,4329,50320,147
    Single Male w/Child381,0122,828
    Single Female w/Child1232,2769,430

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Michigan9,938,444-19,883,640+110,023,423+410,424,510
    Macomb County788,149+7840,978+5883,020+6933,965
    Oakland County1,194,156+11,202,362+51,264,515+71,350,052
    Wayne County2,061,162-121,820,584-41,741,463-11,730,000

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 505 South Lafayette Avenue in Royal Oak?
    The asking price for 505 South Lafayette Avenue is $25.00 a SF per Year
    What is the building size of this commercial Retail property?
    The size of this lease property at '.505 South Lafayette Avenue.' is 4000 square feet
    What kind of Retail is the propery at 505 South Lafayette Avenue?
    The property at 505 South Lafayette Avenue Royal Oak, MI 48067 is listed as a Free Standing Building Retail property
    What is the population within 1 mile of 505 South Lafayette Avenue in Royal Oak?
    The population within 1 mile of 505 South Lafayette Avenue Royal Oak, MI 48067 is 16,401 people.
    Who do I contact for questions about 505 South Lafayette Avenue?
    You should contact the listing agent, Anthony Vitale, for any details regarding this commercial listing.

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    13151 West 10 Mile Road, Oak Park, MI $2,500-12,500/mo 5,000-25,000 -

    Closest Commercial Airports

    Airport Distance (mi)
    Detroit Metropolitan Wayne County Airport (DTW) 22
    Toledo Express Airport (TOL) 71
    MBS International Airport (MBS) 86
    Price
    $25.00 sf/yr
    Listing Agent
    Anthony Vitale - CRE Agent at

    Anthony Vitale

    Landmark CRES

    VIEW AGENT PROFILE

    CONTACT AGENT

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