Map of Property

For Sale or Lease | Turnkey Restaurant and Lounge

For Lease

401 S Lafayette Ave, Royal Oak, MI 48067

There is currently one space available at For Sale or Lease | Turnkey Restaurant and Lounge. The building’s general use is other. The space listed for lease is described as other. Current availability totals 9,393 square feet. Of this, minimum divisible area is 9,393 square feet. The listed lease rate is contact for pricing. The build type offered for this lease is full build out. This space is available starting 03 Jun, 2026.

Space Available For Lease 1

Contacts

Raymond Jonna
Arthur Itkis

Property Details

  • Property Type Other
  • Year Built 1965
  • Year Renovated 2013
  • Date Updated Jun 15, 2026
  • Walk Score 97, Walker's Paradise. The property sits at the highest walkability tier in metro Detroit, supporting consistent walk in traffic and corridor density that define downtown Royal Oak's hospitality economy.
  • Corner positioning. Lafayette Avenue and 4th Street corner, three blocks west of Main Street's primary retail spine, within the Royal Oak DDA and Central Business District.
  • Restaurant grade infrastructure in place. Commercial kitchen ventilation, grease management, gas service, and three phase electrical eliminate the most capital-intensive elements of a ground up restaurant build.
  • Class C liquor license available. Full permit stack available on negotiated terms, a meaningful diligence and capital advantage versus securing a new license.
  • Interior build out included. Dining room seating, bar build out, and integrated audio system convey with the deal.
  • Across the street from Ronin Sushi. One of Royal Oak's most established and well regarded upscale restaurants anchors the corridor directly opposite the property.
  • Public parking deck across the street. Eliminates the on site parking constraint that defines most downtown restaurant deals. The prior operating tenant successfully ran valet service from this configuration.
  • Flexible transaction structures. Lease, sale, and lease with purchase option structures are each available to qualified prospects.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 96/100

    Walk Score ®

  • 66/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Royal Oak, MI
  • Zip Code 48067

Points of Interest

  • Royal Oak

    0.16 miles

  • Troy

    4.44 miles

  • CDM Transport LLC

    5.27 miles

  • Grand Boulevard

    8.88 miles

  • Baltimore Street

    9.03 miles

  • Detroit

    9.09 miles

  • Amsterdam Street

    9.22 miles

  • Ferry Street

    9.61 miles

  • Warren Avenue

    9.88 miles

  • Shell

    0.23 miles

  • BP

    0.40 miles

  • Marathon

    0.58 miles

  • Mobil

    1.18 miles

  • Speedway

    1.21 miles

  • Sunoco

    1.22 miles

  • Ferndale Public Library

    2.00 miles

  • EV Charging LLC

    3.25 miles

  • Tesla Supercharger

    3.25 miles

  • Blink

    3.52 miles

  • Lafayette Avenue Parking Structure

    0.11 miles

  • Main North Garage

    0.36 miles

  • Farmer's Market Lot P11

    0.40 miles

  • Woodward Parking Lot

    0.66 miles

  • Water Tower Parking Lot

    0.70 miles

  • 10 Mile Parking Lot

    0.84 miles

  • Student Parking

    1.83 miles

  • US Post Office Parking lLot

    1.98 miles

  • Lawrence C. Falvey Parking Lot

    2.03 miles

  • Church parking lot

    2.17 miles

  • Hyatt Place

    0.40 miles

  • Hilton Veterinary Clinic of Ferndale

    1.52 miles

  • Rest Inn

    2.25 miles

  • Baymont Ferndale/Royal Oak

    3.01 miles

  • America's Best Inn Warren Detroit

    3.29 miles

  • Hampton Inn Detroit/Madison Heights/South Troy

    3.32 miles

  • Days Inn & Suites by Wyndham Madison Heights MI

    3.40 miles

  • Rodeway Inn

    3.40 miles

  • Residence Inn Detroit Troy/Madison Heights

    3.42 miles

  • Extended Stay America - Detroit - Madison Heights

    3.44 miles

  • Nutrifoods Health Food

    0.22 miles

  • Holiday Market

    0.60 miles

  • Hollywood Market

    0.62 miles

  • Westborn Market

    0.97 miles

  • Trader Joe's

    1.02 miles

  • Fresh Approach

    1.25 miles

  • Kroger

    1.78 miles

  • Ferndale Foods

    1.83 miles

  • Western Market

    1.88 miles

  • The Rust Belt Market

    1.90 miles

Contact For Sale or Lease | Turnkey Restaurant and Lounge
  1. 1Main information
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