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 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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FeaturesGeneralPossession At Close
Water Other-See Remarks
Status Active Active
Year Built 19
Subdivision Central Park MI
County Oakland
Class COM/IND/BUS OPP
Type Commercial/Industrial
Ownership Private
Municipality Royal Oak
Zoning Commercial
Sale/Rent For Sale
Status Detail 0
Area Royal Oak (63251)
Primary City Royal Oak
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 Royal Oak
Financial Terms Cash Conventional
Legal Description T1N R11E SEC 22 CENTRAL PARK SUB LOT 6
DOM 115
Postal Code 48067
Price Per Sq Ft Total AG 255.37
Public Remarks
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ExteriorExterior Brick
Frontage 52
Lot Size Area 0.18
Lot Dimensions 52X150
Roads Paved Street
Waterfront Y/N No
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* Excluded FeaturesList ByPaul MychalowychListing Agent
Exp Realty BirminghamBroker
paul.mychalowych@exprealty.comEmail
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.
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/13/2026 | $499,000 | -3.11% | Price Down |
| 3/23/2026 | $515,000 | -2.83% | Price Down |
| 2/18/2026 | $530,000 | | Listed Price |