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Freestanding Retail Building
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511 W 11 Mile Rd, Royal Oak, MI 48067

The two-level configuration combines first-floor space with a mezzanine.

Space Size9,130 SF
Days on Market4

Property Features for 511 W 11 Mile Rd

General Information

Standard status Active
Size 9,130 SF
Net Rentable 9,130 SF
Property subtype Retail
Zoning NB

Space & Availability

Available Space 9,130 SF
Contiguous Space 9,130 SF
Floor 1

Additional Details

Highway Access Yes

Building Details

Building Size 9,130 SF
Tenancy Single
Listing Agency: CMP Real Estate Group
Listed By: Noah Thomas · License #MI6505340526
Source: Cpix.resimplifi
Added: Oct 13 Changed: Oct 15 Last Checked: Oct 16 at 5:38AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CMP Real Estate Group

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Investment Insights

Based on property information with market context.

This freestanding retail property offers 9,130 SF across a first floor and mezzanine, with dedicated parking. The standalone building format provides a distinct presence on 11 Mile Road in Royal Oak.

Woodward Avenue, I-696 and I-75 are accessible from the property. It is also near Downtown Royal Oak and Oakland Community College’s Royal Oak Campus. Approved 11 Mile Road corridor work is planned for 2027–2028 and includes roadway reconstruction, pedestrian upgrades, landscaping and green space, plus a planned 10-foot-wide side path.

Key Highlights

  • 9,130 SF freestanding building with a first floor and mezzanine
  • Dedicated parking
  • Access to Woodward Avenue, I‑696 and I‑75

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Plumbing Service Garden Center Locksmith Grocery & Convenience Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,392
Businesses Nearby
70k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 34% Dining 30% Groceries 23% Home Improvements & Furnishings 6%
Hollywood Market Groceries
16,247 visits/mo 0.4 miles
Shell Shops & Services
8,366 visits/mo 0.4 miles
Chipotle Mexican Grill Dining
7,536 visits/mo 0.5 miles
Citizens Bank Shops & Services
6,596 visits/mo 0.4 miles
Genisys Credit Union Shops & Services
5,709 visits/mo 0.4 miles

Demographics for 48067, MI

24,589
Population
13,714
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
96%
High-School Grad
4.6 sq mi
ZIP Area
5,345
Density / Sq Mi
$107,355
Median Household Income
$76,700
Median Earnings
$1,435
Median Rent
$309,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Royal Oak, MI

$23.39 /SF/Yr
Avg Asking Price
$5–$35 /SF/Yr
Price Range
4,229 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - The two-level configuration combines first-floor space with a mezzanine.
Where is this retail space located?
The property is located at 511 W 11 Mile Rd Royal Oak, MI.
What are key features of this property?
This property features: 9,130 SF freestanding building with a first floor and mezzanine; Dedicated parking; Access to Woodward Avenue, I‑696 and I‑75
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