For Sale or Lease | Turnkey Restaurant and Lounge

401 S Lafayette Ave, Royal Oak, MI 48067

Property Information

  • For Sale Contact for pricing
  • Property Type Other
  • Property Size 9,393 SF
  • Lot Size 0.15 SF
  • Year Built 1965
  • Year Renovated 2013
  • Date Updated Jun 10, 2026

Description

  • 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.

Contacts

Raymond Jonna
Arthur Itkis

Location

Contact For Sale or Lease | Turnkey Restaurant and Lounge
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