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520-522 E Eleven Mile Rd 1 954 pi² 100% Loué Commerce de détail Immeuble Royal Oak, MI 48067 686 105 $ CAD (351,13 $ CAD/pi²)



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Faits saillants de l'investissement
- 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
Résumé de l'annonce
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 spaces
This 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
These programs create a major opportunity for an owner-user or investor to dramatically elevate the exterior presence and long-term value of the property while reducing out-of-pocket improvement costs.
Unlike large redevelopment projects requiring massive overhead and construction timelines, this property is immediately usable while still offering tremendous upside through thoughtful modernization, branding, adaptive reuse, and creative repositioning.
In a market increasingly dominated by large-scale development and generic commercial spaces, 520–522 E Eleven Mile presents a rare chance to own something authentic, flexible, character-driven, and full of future potential at an exceptionally approachable entry point for Royal Oak.
Properties with this combination of flexibility, parking, walkability, dual-building functionality, and creative upside rarely become available.
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 spaces
This 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
These programs create a major opportunity for an owner-user or investor to dramatically elevate the exterior presence and long-term value of the property while reducing out-of-pocket improvement costs.
Unlike large redevelopment projects requiring massive overhead and construction timelines, this property is immediately usable while still offering tremendous upside through thoughtful modernization, branding, adaptive reuse, and creative repositioning.
In a market increasingly dominated by large-scale development and generic commercial spaces, 520–522 E Eleven Mile presents a rare chance to own something authentic, flexible, character-driven, and full of future potential at an exceptionally approachable entry point for Royal Oak.
Properties with this combination of flexibility, parking, walkability, dual-building functionality, and creative upside rarely become available.
Faits sur la propriété
Type de vente
Investissement ou propriétaire utilisateur
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
1 954 pi²
Classe d’immeuble
B
Année de construction/rénovation
1961/2003
Prix
686 105 $ CAD
Prix par pi²
351,13 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
2 étages
Coefficient d’occupation des sols de l’immeuble
0,25
Taille du lot
0,18 AC
Zonage
NB, City - COMMERCIAL
Stationnement
10 places (5,14 places par 1 000 pi² loué)
Façade
Commodités
- Affichage
Moyennement practicable à pied
70/100
Exceptionnellement facile d'accès en voiture
90/100
Transports en commun limités
30/100
Moyennement praticable en vélo
70/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 25-22-126-005 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 284 474 $ CAD |
Impôts fonciers
Numéro de lot
25-22-126-005
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
284 474 $ CAD
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520-522 E Eleven Mile Rd
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