Listed by AQRE Advisors
$3,919,881
Main Street Shoppes
Details
Property Type Mixed Use, Retail
Sub Type Restaurant
Square Footage 10,832
Cap Rate 6.75%
NOI $264,592
Occupancy 100%
Tenancy Multi
Price per SqFt $362
Year Built 1925
Year Renovated 2002
Acreage 0.160
Ground Lease No
Sale Condition N/A
100% Occupied | Multi-tenant / Mixed-Use
Marketing description
Main Street Shoppes at 106-110 S. Main St., Royal Oak, MI 48067 offers investors a rare opportunity to acquire a fully occupied mixed-use asset in the heart of Downtown Royal Oak. Positioned along vibrant Main Street with exposure to more than 20,000 vehicles per day, this ±10,832 SF trophy property combines strong in-place income with long-term upside in one of Metro Detroit’s most walkable and sought-after retail corridors.
The building is 100% leased to a diversified tenant roster featuring restaurant, office, and entertainment-oriented users, creating stable cash flow and daily traffic throughout the day and evening. The offering features an asking price of $3,919,881, a 6.75% cap rate, and NOI of $264,592.
Surrounded by premier dining, nightlife, medical, retail, apartments, hotels, and major neighborhood anchors, the property benefits from exceptional foot traffic and a true live-work-play environment. Nearby public parking garages with more than 1,200 combined spaces further enhance accessibility and convenience for tenants and customers alike.
With affluent demographics, dense population, and continued investment throughout Royal Oak, this is a standout urban retail investment in a premier Oakland County location.
Investment highlights
- Trophy Downtown Royal Oak Location: Located in the heart of one of Metro Detroit’s most dynamic and walkable downtown districts, the property sits along Main Street (20,353 VPD) surrounded by national retailers, restaurants, nightlife, and daily need drivers.
- 100% Occupied, Diversified Tenant Mix: Multi-tenant mixed-use building featuring restaurant and service-oriented users, all of which have extended leases early showcasing a long-term commitment to the site.
- Strong In-Place Cash Flow: Stabilized asset providing immediate yield; along with annual increases in a high-demand Oakland County submarket.
- Dense, Affluent Demographics: 1-Mile Average Household Income of $123,388 with nearly 18,000 residents within 1 mile and over 356,000 residents within 5 miles, supporting strong tenant performance and long-term rent growth.
Listing Contacts
Listed by AQRE Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$264,592.00
$22,049.33/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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