111 W 12 Mile Rd - Hospitality FOR SALE


Royal Oak, MI 48073
$1,500,000 USD
248-776-6001
111 W 12 Mile Rd, Royal Oak, MI for Sale
$1,500,000 USD
Hospitality - FOR SALE
1/27
null | Request Cap Rate

111 W 12 Mile Rd
Royal Oak, MI 48073


HIGHLIGHTS

  • Demonstrated revenue consistency with strong historical occupancy and over $180,000 in annual income across multiple years.
  • Value-add potential through strategic operational improvements to enhance performance and profitability.
  • Highly visible location along 12 Mile Road within Royal Oak, a thriving suburb in the Detroit MSA.
  • Close proximity to healthcare facilities, employment concentrations, and entertainment centers that fuel transient and extended-stay lodging demand.
  • Positioned in a major regional corridor benefiting from robust traffic counts and connectivity to I-75 and surrounding metropolitan markets.
  • Recently renovated in 2022, ensuring updated systems, refreshed aesthetics, and reduced deferred maintenance exposure.

OVERVIEW

City Motel, located at 111 W 12 Mile Road in Royal Oak, Michigan, presents an attractive 14-unit hospitality investment offering stable income performance and upside potential. The asset, sitting on approximately 0.29 acres, provides excellent frontage along 12 Mile Road with strong traffic counts and exceptional exposure within a heavily traveled corridor. Originally constructed in 1962 and recently renovated in 2022, the property combines long-standing operational history with modern improvements. The property currently generates annual rental income exceeding $180,000, reflecting proven revenue stability and predictable cash flow. New ownership has the opportunity to unlock additional value through operational enhancements, rate optimization, and improved expense strategies. Its position within a high-demand submarket, just minutes from Downtown Royal Oak and within the Detroit Metro Statistical Area, ensures consistent lodging demand driven by nearby employment centers, healthcare institutions, and entertainment destinations. With 19 convenient surface parking spaces and durable construction, this asset offers a straightforward footprint for investors seeking both immediate returns and long-term value creation.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$289 USD /SF

# OF ROOMS

14

PRICE/ROOM

$107,143 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

City Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1962

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

BI

APN/PARCEL ID

25-16-227-023

ASK ABOUT THIS PROPERTY

Ashton SamonaAQRE AdvisorsMore Info
248-776-6001

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Ashton SamonaAQRE AdvisorsMore Info
248-776-6001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.