1026 Eleven Mile Rd Royal Oak, MI 48067
- Office Properties & Spaces
- 4,354 SF
- 0.22 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1026 Eleven Mile Rd
- Year built
- 1964
- Lot size
- 0.22 lot acres
- Property size
- 4,354 SF
- Zone code
- NBHD BUS
- Property type
- Office Properties & Spaces
- APN
- 72-25-22-201-013
- APU
- 722522201013
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Royal Oak
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1319
- Latitude
- 42.4899
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA