520-522 E Eleven Mile Rd - Freestanding FOR SALE


Royal Oak, MI 48067
$530,000 USD
248-935-2754
520-522 E Eleven Mile Rd, Royal Oak, MI for Sale
$530,000 USD
Freestanding - FOR SALE
1/20
null | Request Cap Rate

520-522 E Eleven Mile Rd
Royal Oak, MI 48067


HIGHLIGHTS

  • Great location on 11 mile 3 doors from the Royal Oak Farmers Market
  • Front building could be used as a coffee shop with possible drive thru access
  • Rear building could be used as a abnb short term rental
  • Private 10 car parking lot behind buildings

OVERVIEW

Prime Royal Oak location on E 11 Mile within walking distance to Downtown Royal Oak and the Royal Oak Farmers Market. Property features two separate buildings on one parcel with approximately 10 private parking spaces in the rear, offering exceptional flexibility for owner-user or investment opportunity. The rear building has a residential-style layout and is currently being prepared for short-term rental abnb use. Property is commercially zoned (buyer to verify all permitted uses with the City of Royal Oak). This setup allows potential use of one building for business operations while utilizing the other for additional income or complementary use. The front building includes updated office space with granite counter, bathroom, newer rubber roof (2022), and boiler (2023). Could be used as a coffee shop with possible drive thru window service on east side of building. Buildings may be separately leased or combined for a single operation. Excellent visibility, walkability, and versatile layout in a highly desirable Royal Oak corridor.

FOR SALE DETAILS

PRICE

$530,000 USD

PRICE/SF

$271 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Residential, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

NB, City

APN/PARCEL ID

25-22-126-005

ASK ABOUT THIS PROPERTY

Paul MychalowychBirmingham Realty LLCMore Info
248-935-2754

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

Paul MychalowychBirmingham Realty LLCMore Info
248-935-2754

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