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More details for 520-522 E Eleven Mile Rd, Royal Oak, MI - Retail for Sale

520-522 E Eleven Mile Rd

Royal Oak, MI 48067

  • Airbnb Property
  • Retail for Sale
  • $686,325 CAD
  • 1,954 SF

Royal Oak Retail for Sale

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.

Contact:

Birmingham Realty LLC

Property Subtype:

Freestanding

Date on Market:

2026-02-17

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More details for 1528 Gratiot Ave, Detroit, MI - Multifamily for Sale

1528 Gratiot - 1528 Gratiot Ave

Detroit, MI 48207

  • Airbnb Property
  • Multifamily for Sale
  • $2,331,303 CAD
  • 7,924 SF

Detroit Multifamily for Sale - Detroit E of Woodward

Don't miss this unique opportunity to own a mixed-use property in Detroit's highly sought-after Eastern Market area. The building features four units: three residential lofts, each with two bedrooms and two bathrooms, accessible by elevator; and a ground-floor retail space with a valuable liquor license. Currently, the lofts are operated as successful Airbnb rentals, offering immediate income potential. However, the next owner can explore diverse opportunities to maximize value. The ground-floor retail space is perfectly suited for a restaurant, bar, café, or gallery. Additionally, rooftop access presents another value enhancing feature. Situated in a prime location, the building is within easy walking distance of Eastern Market's vibrant shops and restaurants. Convenient access to major highways also makes it ideal for commuters. The building is in excellent, well-maintained condition, showcasing desirable architectural elements such as high ceilings, original timber beams, large windows, and exposed brick walls. The retail space boasts a large storefront and a fully equipped commercial kitchen, ready for service. The lower level offers additional creative space, perfect for a speakeasy enhanced by a convenient dumbwaiter. This property represents a compelling investment opportunity, offering revenue potential from both residential and commercial tenants. Billboards provide yet another stream of revenue. The option to purchase the liquor license, restaurant fixtures and furniture, and fully furnished lofts is available, making this truly a turnkey offering. LAND CONTRACT TERMS AVAILABLE. Buyer's agent to verify all information including taxes & measurements. Send all offers in PDF format to Katie Kutscher - Klkwrealestate@gmail.com.

Contact:

Real Estate One-Royal Oak

Property Subtype:

Apartment

Date on Market:

2025-03-31

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