401 S Lafayette Ave
Royal Oak, MI 48067
Retail Property For Sale

This fully built-out, two-story turnkey restaurant at 401 S Lafayette Avenue presents a rare acquisition opportunity in the heart of Royal Oak’s vibrant hospitality district. Totaling approximately 9,393 square feet on 0.15 acres, the property combines high visibility with operational readiness, providing an asset positioned for immediate revenue generation or long-term investment.
Located at the prominent corner of Lafayette Avenue and 4th Street, three blocks west of Main Street’s primary retail spine, the property sits within Royal Oak’s Downtown Development Authority and Central Business District. Featuring a Walk Score of 97, this address ranks in Metro Detroit’s top walkability tier, ensuring consistent pedestrian demand and strong corridor dynamics that underpin the downtown restaurant economy.
Comprehensive restaurant infrastructure—including commercial kitchen ventilation, grease management, gas service, three-phase electrical, and integrated audio—conveys with the sale, representing substantial capital savings compared to ground-up build costs. Additional competitive advantages include an existing interior build-out with dining and bar areas, along with a negotiable Class C liquor license and full permit stack available under agreed terms. These features significantly streamline the launch timeline for any operator or investor.
Surrounded by leading food and beverage concepts such as Ronin Sushi directly across the street, the location benefits from a well-established dining destination. With a public parking deck across Lafayette Avenue and proven valet operations, the asset offers superior accessibility for guests. Flexible transaction terms further position this property as a high-value acquisition in one of Southeast Michigan’s most desirable urban centers.