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801 W 11 MILE Royal Oak, MI 48067 5200
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Key Details
Sold Price $725,000
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $241
Subdivision Mi
MLS Listing ID 60091582
Sold Date 07/12/22
Annual Tax Amount $10,084
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 34 x 110 x 34 x 110
Property Description
8.9% CAP RATE, Highly visible location on a hard corner between Woodward and Main ST. 11 office units (could be 13) and 2 residential units, residential have their own electric and gas service and individual furnaces and AC. This building is a great location for your business with impressive offices sizes and window vista's, EASILY kept 100 occupied, minimal outside maintenance. 3 restrooms for Offices. Many updates though out, furnaces, AC, roofing and well maintained generally. 4 office units on 1st floor, 5 office units up. 2 office units, garden level.
Location
State MI
County Oakland
Area Royal Oak (63251)
Zoning Professional Office
Exterior
Waterfront No
Roof Type Asphalt
Building
Foundation Basement, Slab
Water Public Water
Structure Type Brick,Log
Others
Ownership Private
Energy Description Natural Gas
Acceptable Financing Land Contract
Listing Terms Land Contract
Financing Cash,Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with KW Domain
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