1123 11th Mile Rd Royal Oak, MI 48067-2047
This 1,516 sq ft Class A mixed-use building in Royal Oak, MI, is situated on a 0.26-acre lot with excellent frontage on E. Eleven Mile Rd. Previously an auto repair facility, it features two overhead doors and is ideally suited for various uses, including auto repair, restaurant, office, or retail, per permitted zoning. The vacant single-story building presents a compelling owner-user investment opportunity at $850,000 ($560.69/sq ft). Its high-traffic location and ample space make it an excellent choice for entrepreneurs seeking a well-positioned commercial property. The property's history as a successful auto repair shop and used car dealership speaks to its potential for continued success in a variety of commercial ventures. The substantial lot size offers additional flexibility and potential for expansion. This is a rare opportunity to acquire a well-located commercial property in a thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
NBHD BUS · Royal Oak, MICosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.