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$ 515,000
Est. payment /mo
Active
520 E 11 Mile RD Royal Oak Charter Township, MI 48067
1,954 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Active
Purchase Type For Sale
Square Footage 1,954 sqft
Price per Sqft $263
Subdivision Central Park
MLS Listing ID 20261008692
Year Built 1961
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type RealEstateOnly
Property Description
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.
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.
Location
State MI
County Oakland
Area Area02251Royaloak
Interior
Fireplace No
Exterior
View Y/N No
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer
Water Other
New Construction No
Schools
School District Royal Oak
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard

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Listed by Paul Mychalowych of EXP Realty Birmingham







