525 S Main St Local commercial | 4 221 m²

The highly visible Main Place of Royal Oak offers a profitable investment opportunity along South Main Street in downtown Royal Oak. The asset consists of two separate multi-tenant mixed-use buildings with a combined occupancy of 92.69%. Phase I of Main Place of Royal Oak at 500 South Main Street features street level retailers, second floor office space, and a new Cingular Wireless Wi-Fi towner on the roof. The major tenants occupying space in Phase I are Tequila Blue, Buffalo Wild Wings, Bar Louie, 526 Main, and Harley Ellis Deveraux. Phase II of Main Place of Royal Oak is a retail and residential condominium building at 410 South Main Street. The first-floor retail space is occupied by HopCat while the residential condominiums offer 70 loft-style units on 4 floors.

The downtown location for Main Place of Royal Oak is a highly desirable corridor since the area has undergone major renaissance over the past two decades and continues to have new commercial and residential developments nearby. Due to this, Royal Oak is now known as the place to go for dining, shopping, and living, which led to strong demographics. The site has excellent access to major thoroughfares, such as Woodword Avenue, I-696, and I-75. The average household income is almost $111,000 in a two-mile radius with a population of over 66,000. Royal Oak has been described as one of Oakland County’s best suburbs and the downtown Royal Oak area is an impressive contributor to that opinion. At the heart of Royal Oak there is an arts and entertainment district that is briming with studios, galleries, and theaters. Home to the Detroit Zoo, the downtown Royal Oak district is a pedestrian friendly part of town that hosts a variety of annual holiday events, farmers markets, and festivals like Arts, Beats and Eats. The sought after real estate in downtown Royal Oak makes the Main Place of Royal Oak a desirable investment opportunity.