111 12 Mile Road Royal Oak, MI ^$ 1,500,000

111 12 Mile Road

^$ 1,500,000

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111 12 Mile Road

Royal Oak, MI, 48073

^$ 1,500,000

Bedrooms-- Baths-- Sq 5,184

Monthly Estimate*

^$ 9,358

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Commercial Property for sale in Royal Oak, MI

for $1,500,000. This 5,184 square foot building was built in 1962 on a lot size of 0.29.

Located walking distance from downtown Royal Oak and just 1.5 miles west of I-75, this operating hotel is available for sale. The hotel has 14 units (1 is currently used for an office) and 24 dedicated onsite parking spaces. Each unit has its own full bath and large bedroom/living area. The building was renovated in 2023 both inside and out, modernizing the property for the next owner.

Commercial Active

Price

^$ 1,500,000

Property Type

Commercial

Taxes

^$ 13,282

Style

Commercial/Industrial

Lot Size

0.29

Year Built

1962

Town/City

Royal Oak

County/Region

Oakland

MLS | Web ID

70464317

Features

General

Heating Steam

Status Active Active

Year Built 1962

County Oakland

Class COM/IND/BUS OPP

Type Commercial/Industrial

Municipality Royal Oak

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Royal Oak (63251)

Primary City Royal Oak

Directions 12 Mile Road west of Main Street

City Royal Oak

Financial Terms Cash Conventional

Legal Description T1N R11E SEC 16 ASSESSOR'S PLAT NO 25 E 1/2 OF LOT 3 ALSO THAT PART OF W 1/2 OF LOT 3 DESC AS BEG AT PT DIST N 88-

DOM 243

Postal Code 48073

Price Per Sq Ft Total AG 289.35

Public Remarks Located walking distance from downtown Royal Oak and just 1.5 miles west of I-75

Exterior

Exterior Block

Frontage 64

Lot Size Area 0.29

Lot Dimensions 64x200

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Tjader Gerdom

Listing Agent

Gri Homes For Today

Broker

tgerdom@gerdomrealty.com

Affordability Calculator

$10,465

Per Month

Monthly Principal & Interest: $9,358
Monthly Property Taxes: $1,107
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Royal Oak, MI

Average List Price ^$252,232

Percent of Sale Price 83%

About Royal Oak, MI

58,569 Population

-2% Since 2002

^$69,342 Median Income

40.15 Median Age

17% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/25/2025	$1,500,000		Listed Price

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111 12 Mile Road, Royal Oak, MI, 48073 is a Commercial Property for sale at $1,500,000 with 5,184 sqft and a lot size of 0.29. 111 12 Mile Road was built in 1962. The property's zip code is 48073 which is in Royal Oak, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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111 12 Mile Road

Commercial Property for sale in Royal Oak, MI

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