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$ 499,000
Est. payment /mo
Active
520 E 11 Mile Road Royal Oak, MI 48067
1,954 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,954 sqft
Price per Sqft $255
Municipality Royal Oak City
Subdivision Royal Oak City
MLS Listing ID 20261008692
Year Built 1961
Annual Tax Amount $10,703
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 52X150
Source Realcomp
Property Description
Rare opportunity to own TWO neighboring buildings in one of Royal Oak's most walkable and creatively energized corridors. Positioned directly within the city's active business district and surrounded by residential condo development, this unique property offers exceptional flexibility for entrepreneurs, creatives, investors, makers, boutique retail concepts, studios, wellness businesses, galleries, live/work visionaries, and small business owners seeking an alternative to overpriced downtown spaces. What makes this property truly special is the ability to operate your business from one building while generating income from the other — a rare and increasingly difficult-to-find setup in the Royal Oak market. The property naturally lends itself to a modern creative campus feel, with incredible potential for studio, showroom, workshop, office, event, or adaptive reuse concepts. The site features a massive private parking lot — an enormous advantage in a highly walkable urban environment where parking is often limited. Customers, clients, guests, and employees benefit from easy access while still enjoying the energy and convenience of a dense, pedestrian-friendly district surrounded by housing, local businesses, and continuous neighborhood growth. Perfect for a wide range of creative and service-based industries, including:Hair salons or independent stylist collectives, Yoga or wellness studios, Pilates or movement spaces, Boutique fitness concepts, Art studios and galleries, Ceramic or pottery studios, Tattoo studios,Photography or content creation studios,Floral or design studios,Creative agencies,Beauty, skincare, or holistic wellness concepts,Coffee, juice, or specialty retail concepts,Hybrid retail/workshop/event spacesThis property also benefits from valuable City of Royal Oak improvement incentives, including:Exterior improvement grants covering up to 50% of eligible facade upgrades (up to $10,000),Public art and mural grants covering up to $6,000 toward approved mural installations
Location
State MI
County Oakland
Zoning Commercial
Direction PROPERTY IS LOCATED ON THE S SIDE OF 11 MILE, EAST OF MAIN STREET. PARKING LOT IS BEHIND THE BUILDINGS. DRIVEWAY JUSY EAST OF BUILDINGS.
Rooms
Basement Basement
Exterior
View Y/N No
Building
Foundation Block
Structure Type Brick,Metal Siding
Schools
School District Royal Oak
Others
Tax ID 2522126005
Listed by EXP Realty Birmingham
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