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$ 499,000
Est. payment /mo
Active
520 E 11 Mile RD Royal Oak Charter Township, MI 48067
1,954 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Active
Purchase Type For Sale
Square Footage 1,954 sqft
Price per Sqft $255
Subdivision Central Park
MLS Listing ID 20261008692
Year Built 1961
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type RealEstateOnly
Property Description
Rare opportunity to own TWO neighboring buildings in one of Royal Oak's most walkable and creatively energized corridors. Positioned directly within the city's active business district and surrounded by residential condo development, this unique property offers exceptional flexibility for entrepreneurs, creatives, investors, makers, boutique retail concepts, studios, wellness businesses, galleries, live/work visionaries, and small business owners seeking an alternative to overpriced downtown spaces. What makes this property truly special is the ability to operate your business from one building while generating income from the other — a rare and increasingly difficult-to-find setup in the Royal Oak market. The property naturally lends itself to a modern creative campus feel, with incredible potential for studio, showroom, workshop, office, event, or adaptive reuse concepts. The site features a massive private parking lot — an enormous advantage in a highly walkable urban environment where parking is often limited. Customers, clients, guests, and employees benefit from easy access while still enjoying the energy and convenience of a dense, pedestrian-friendly district surrounded by housing, local businesses, and continuous neighborhood growth. Perfect for a wide range of creative and service-based industries, including:Hair salons or independent stylist collectives, Yoga or wellness studios, Pilates or movement spaces, Boutique fitness concepts, Art studios and galleries, Ceramic or pottery studios, Tattoo studios,Photography or content creation studios,Floral or design studios,Creative agencies,Beauty, skincare, or holistic wellness concepts,Coffee, juice, or specialty retail concepts,Hybrid retail/workshop/event spaces
This property also benefits from valuable City of Royal Oak improvement incentives, including:Exterior improvement grants covering up to 50% of eligible facade upgrades (up to $10,000),Public art and mural grants covering up to $6,000 toward approved mural installations
This property also benefits from valuable City of Royal Oak improvement incentives, including:Exterior improvement grants covering up to 50% of eligible facade upgrades (up to $10,000),Public art and mural grants covering up to $6,000 toward approved mural installations
Location
State MI
County Oakland
Area Area02251Royaloak
Interior
Fireplace No
Exterior
View Y/N No
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer
Water Other
New Construction No
Schools
School District Royal Oak
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
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Listed by Paul Mychalowych of EXP Realty Birmingham