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    1026 Eleven Mile Rd Royal Oak, MI 48067

    Sponsored
    For Sale
    $2,100,000

    11,175 SF Office, Move-In Ready

    Property size:
    11,175 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11,175 square foot office building presents a fantastic owner-occupant investment opportunity in the thriving city of Royal Oak, Michigan. Located at 1026 W. Eleven Mile Rd, this Class B property boasts a prime location, just blocks from downtown Royal Oak and minutes from Beaumont Hospital Royal Oak. Built in 1950 and extensively renovated in 2007, the two-story building sits on an 11,175 square foot lot (APN 25-16-380-032) and offers excellent visibility with prominent signage opportunities. The property features dedicated parking and individual suite HVAC systems, ensuring comfort and convenience for tenants or owners. Direct suite entry provides privacy and accessibility. The building is currently configured as move-in ready office suites, but could be easily vacated to suit a single user's needs. Its convenient location provides quick access to major thoroughfares, including I-696 and I-75 via Woodward Avenue. The asking price for this well-maintained office building is $2,100,000. Zoned for office use, this property represents a rare opportunity to acquire a substantial and well-situated commercial asset in a highly desirable Michigan location.

    Property Features for 1026 Eleven Mile Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    11,175 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1950/2007
    Buildings
    1
    Stories
    2

    HighLights

    • $2,100,000 asking price for this 11,175 SF office building.
    • Class B, Traditional Office building, built in 1950, renovated in 2007.
    • Located at 1026 W Eleven Mile Rd, Royal Oak, MI 48067, on an 11,175 SF lot.
    • Two‑story building with dedicated parking and individual suite HVAC.
    • Excellent owner‑occupant opportunity, move‑in ready, with prominent signage and convenient access to I‑696 & I‑75.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oak
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1559065
    Latitude
    42.4899793

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    FAQs

    What type of property is this?
    Office Property / Space - 11,175 SF Office, Move-In Ready
    Where is this office property / space located?
    The property is located at 1026 Eleven Mile Rd Royal Oak, MI.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: $2,100,000 asking price for this 11,175 SF office building.; Class B, Traditional Office building, built in 1950, renovated in 2007.; Located at 1026 W Eleven Mile Rd, Royal Oak, MI 48067, on an 11,175 SF lot.
    (248) 637-3515
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    1026 Eleven Mile Rd Royal Oak, MI 48067
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    Royal Oak, MI 48067
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1026 Eleven Mile Rd Royal Oak, MI 48067
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