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520-522 E Eleven Mile Rd 1,954 SF 100% Leased Retail Building Royal Oak, MI 48067 $530,000 ($271.24/SF)



Investment Highlights
- Great location on 11 mile 3 doors from the Royal Oak Farmers Market
- Rear building could be used as a abnb short term rental
- Front building could be used as a coffee shop with possible drive thru access
- Private 10 car parking lot behind buildings
Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,954 SF
Building Class
B
Year Built/Renovated
1961/2003
Price
$530,000
Price Per SF
$271.24
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.25
Lot Size
0.18 AC
Zoning
NB, City - COMMERCIAL
Parking
10 Spaces (5.14 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 25-22-126-005 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $209,480 |
Property Taxes
Parcel Number
25-22-126-005
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$209,480
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520-522 E Eleven Mile Rd
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