520 E 11 Mile Road
Royal Oak, MI, 48067 $ 499,000
Bedrooms-- Baths-- Sq 1,954 Monthly Estimate*
$ 3,072
for $499,000. This 1,954 square foot building was built in 1961 on a lot size of 0.18.
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
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FeaturesGeneralSewer PublicSewer
Possession AtClose
Garage Spaces 0.0
Construction Materials Brick MetalSiding
Year Built 1961
Property Subtype RealEstateOnly
Current Use Commercial
County Oakland
Net Operating Income 0.0
Operating Expense 0.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name CENTRAL PARK
Garage Y/N N
Status Active
Directions PROPERTY IS LOCATED ON THE S SIDE OF 11 MILE EAST OF MAIN STREET. PARKING LOT IS BEHIND THE BUILDINGS. DRIVEWAY JUSY EAST OF BUILDINGS.
City RoyalOakCity_Oakland
Senior Community Y/N N
High School District RoyalOak
Zoning Description Commercial
MLS Area Area02251RoyalOak
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 10703.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 209480
Expected Active Date 2026-02-17
Legal Description T1N R11E SEC 22 CENTRAL PARK SUB LOT 6
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ExteriorWater Source Other
Foundation Details Basement Block
Spa N
Building Area Total 1954.0
Lot Dimensions 52X150
Lot Size Acres 0.18
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 1954.0
Above Grade Finished Area Unit Type SquareFeet
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* Excluded FeaturesList ByPaul MychalowychListing Agent
Exp Realty BirminghamBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,072
- Monthly Property Taxes
- $892
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyCommerical listings in Royal Oak, MI
Average List Price $143,188
Percent of Sale Price 71%
About Royal Oak, MI 58,569 Population
-2% Since 2002
$ 69,342 Median Income
40.15 Median Age
17% Households with Children
Trends Information provided by ATTOM Data Solutions.
4909464 Elementary School
4909769 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/13/2026 | $499,000 | -3.11% | Price Down |
| 3/24/2026 | $515,000 | -2.83% | Price Down |
| 2/18/2026 | $530,000 | | Listed Price |