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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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520 E 11 Mile Rd , Royal Oak, MI 48067
$499,000
Est. Payment: $2,569.60/mo
0 Bed
0 Bath
1954 Sqft
Status: active | Days on site: 88
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Jim Blehm
Team Owner, Realtor®

House 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 spacesThis 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

Highlights

Listed by Paul Mychalowych , 248-935-2754 EXP Realty Birmingham , 248-686-0024. MichRIC

Property Type

Commercial Sale

Lot/Acreage
0.18

Year Built

1961

County

Oakland

Neighborhood

Royal Oak City

School District

Royal Oak

Listing ID

20261008692

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:Basement

Exterior Features

Principal Interest
$2,570
Taxes
$892

Home Price

$499,000

Loan Details

30 yrs
6.676%

Down Payment

20%
$99,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,569.60

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,569.60 $891.92 $0.00 $3,461.51
Yearly $30,835.17 $10,703.00 $0.00 $41,538.17
Total $925,055.19 $321,090.00 $0.00 $1,246,145.19
Lender profile image
Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Royal Oak, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T01:53:30.000Z

© 2026 MichRIC