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308 S Main St 3,400 SF of Office/Retail Space Available in Royal Oak, MI 48067
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor | 3,400 SF | Negotiable | $23.00 /SF/YR $1.92 /SF/MO $78,200 /YR $6,517 /MO | Triple Net (NNN) |
2nd Floor
Located at 308 S Main St, Royal Oak, MI, 48067, this 3,400 SF open loft space offers a prime opportunity for office or retail use. Situated above Condado Tacos, the space overlooks Main Street in downtown Royal Oak. With desirable features such as high ceilings, skylights, hardwood floors, and glass partitioned walls, this plug & play space includes a reception area, conference room, kitchen, and two ADA restrooms. CBD Zoning allows for versatile uses, including retail, office, beauty, and health and wellness. Tenant convenience is enhanced with a private elevator in the building, while quick freeway access to I-696 and I75 complements the walking distance to shopping, dining, and entertainment.
- Lease rate does not include utilities, property expenses or building services
- Open Floor Plan Layout
- Fits 9 - 28 People
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 308 S Main St, Royal Oak, MI 48067
- Tenant
- Description
- US Locations
- Reach
- Condado Tacos
- Restaurant
- 45
- National
- Condato Tacos
- Retailer
- 1
- -
- Shibumi
- Restaurant
- 1
- -
| Tenant | Description | US Locations | Reach |
| Condado Tacos | Restaurant | 45 | National |
| Condato Tacos | Retailer | 1 | - |
| Shibumi | Restaurant | 1 | - |
Property Facts
| Total Space Available | 3,400 SF | Gross Leasable Area | 7,500 SF |
| Property Type | Retail | Year Built | 1970 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 3,400 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 7,500 SF |
| Year Built | 1970 |
About the Property
Nestled in the vibrant city of Royal Oak, MI, the area around this property buzzes with creativity and energy. Just a stone's throw away, tenants can explore the thriving arts and culture scenes, refreshing green spaces, and an abundance of trendy restaurants and cafes. With easy access to the Detroit market, tenants will find themselves at the heart of a dynamic business environment, with proximity to major corporations and a wealth of networking opportunities. From lively entertainment options to convenient transport links, the surrounding area offers a perfect blend of work and play, making it an ideal location for office, creative, or loft tenants.
- Signage
Nearby Major Retailers
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308 S Main St
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