422 11th Mile Rd, Royal Oak, MI 48067-2241
This exceptional two-story, 2,304 square foot executive office building presents a unique owner-user opportunity in the vibrant heart of Royal Oak, Michigan. Constructed in 1954 and renovated in 2008, this Class C property boasts a multi-tenant configuration, ideal for both individual businesses and those seeking to expand. Situated on a 0.06-acre lot at 422 West Eleven Mile Road, the building benefits from high visibility and accessibility, with prominent signage along a road boasting approximately 20,000 cars daily. The convenient location offers easy access to downtown Royal Oak, and the property includes ample free city parking just steps from the entrance. The building's 2,304 square feet are spread across two stories, providing flexibility for various business needs. With a parking ratio of 1.3 spaces per 1,000 square feet, parking is readily available for tenants and clients. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in a thriving Michigan community. The building's history and recent renovations combine to offer a blend of character and modern functionality. This property is perfect for a business seeking a high-profile location with excellent visibility and convenient amenities.
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, MIRoyal Oak. Always verify with local authorities before improvements.
Costs & 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.