32060-32106 Woodward Ave Redevelopment — Sale in Royal Oak, MI
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Royal Oak, MI 48073
Photos
Description
An assemblage of three properties containing 9,468 square feet of building on .53 acres. The property is currently zoned Commercial with a Miscellaneous Commercial designation. The City would allow numerous commercial uses and would entertain a mixed use on multiple stories if proposed. Investment Highlights: • An Opportunity to Redevelop Over One-Half Acres Woodward Avenue. just North of Normandy. Woodward Avenue is a Major Retail Corridor for South-East Michigan Containing Eight Lanes with a Boulevard • * Excellent Woodward Frontage. Over 174 Feet on Woodward Avenue * Outstanding Traffic Counts. Over 100,000 Cars per Day on Woodward Ave & Normandy * Currently Zoned B-2 General Commercial • * Tremendous Demographics with over 12,000 People in a One Mile Radius * Current Ownership would like to Sell or Ground Lease the Parcel
Market Context
This retail in Royal Oak, MI is listed for sale. Compare it against other retail listings for sale in Royal Oak, MI — view the full market.
As of Q1 2026, the Detroit retail market showed a 1.3% vacancy rate, average asking rents near $17.00/SF/yr, and rents up 1.3% year over year. Source: Cushman & Wakefield Q1 2026 market report.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Retail market FAQ
- Is the Detroit retail market tightening or softening?
- Vacancy is around 1.3%, with asking rents rising year over year (Q1 2026).
Contact
- Rick O'Connor · (248) 415-3030 · richard.oconnor@marcusmillichap.com
- Luke Lamoreaux · (216) 264-2072 · luke.lamoreaux@marcusmillichap.com
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