Commercial Sale in Royal Oak

$499,000

520 11 Mile, 48067, Royal Oak, MI

Commercial Sale for sale in Royal Oak, 520 11 Mile, 48067, 1954 m²

520 11 Mile, 48067, Royal Oak, MI

$499,000

1954
Type: Commercial Sale

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 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

Location

520 11 Mile, 48067, Royal Oak, MI

Data

Object TypeCommercial Sale
Purchase Price$499,000
Living Space1954 m²
Plot Size728.43 m²
BathroomsN/A
Construction Year1961
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeN/A
Primary Energy SourceN/A
Construction Year1961
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent