Excellent Investor/Owner Opportunity!

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30199581
Property Subtypes: Executive Suites, Office Building
Building Size (RSF): 6,798 SF
Gross Building Area: See Agent
Sale Price: $1,050,000
Unit Price: $154.46 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 5/21/2018

Overview / Comments

• 3 Buildings: 1409, 1411, and 1423 E. 11 Mile Road (Buy 1 or Buy them all)
• Office and Retail Space
• 6,798 SF Total
• Located near Downtown Royal Oak
• Easy access to I-75 and I-696
• 38 Parking Spaces

1423 E. 11 Mile Rd. (Office)
• 4,498 SF
• 14 large private offices, 1 executive office, conference room, storage room, kitchenette, open space, and private entrance
• Great location for general office use
• High-end finishes
• Monument signage
• Property Taxes: $2.14/SF (2016)

1411 E. 11 Mile Rd. (Retail)
• 1,150 SF
• Former fast casual
• Moments from Downtown Royal Oak
• Property Taxes: $3.54/SF (2016)

1409 E. 11 Mile Rd. (Retail)
• 1,150 SF
• Newly renovated
• High-End Kitchen
• Open Layout
• Property Taxes: $3.54/SF (2016)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Royal Oak Vicinity
Tax ID/APN: 25-15-481-030
Property Visibility: Excellent
Parking Type: Surface
Total Parking Spaces: 28

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,114 171,771 447,823
Median Age: 36.08 38.23 38.66
Households: 10,501 76,161 187,800
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.