106-110 S Main St
Royal Oak, MI 48067
Bureau Propriété À vendre

Main Street Shoppes presents a fully stabilized, multi-tenant mixed-use investment opportunity in the heart of Downtown Royal Oak, one of Metro Detroit’s most vibrant and walkable urban districts. The property spans approximately 10,832 square feet and is 100% occupied by a diverse tenant mix, including restaurant and service-oriented businesses with long-term leases in place. This asset offers investors immediate in-place cash flow with a net operating income of $264,592 and a competitive cap rate of 6.75%.
Positioned along South Main Street, the property benefits from exceptional visibility and high traffic counts exceeding 20,000 vehicles per day. The surrounding area features a dense, affluent demographic base, with an average household income of $123,388 within one mile and over 356,000 residents within five miles. The location is supported by robust parking infrastructure, including multiple public garages within walking distance, and is surrounded by national retailers, entertainment venues, and new residential developments.
Royal Oak continues to experience strong economic growth, driven by ongoing redevelopment, new multifamily projects, and a thriving dining and entertainment scene. This property offers a rare opportunity to acquire a stabilized asset in a high-demand submarket with long-term upside potential.