111 12 Mile Road, Royal Oak, MI 48073 (MLS# 25017655)

111 12 Mile Road, Royal Oak, MI 48073

$1,500,000

Property Type: Commercial Sale Square Footage: 5,184 Lot Size (sq. ft.): 12,632 Status: Active

Current Price: $1,500,000 List Date: 4/25/2025 Last Modified: 4/25/2025

Description

Located walking distance from downtown Royal Oak and just 1.5 miles west of I-75, this operating hotel is available for sale. The hotel has 14 units (1 is currently used for an office) and 24 dedicated onsite parking spaces. Each unit has its own full bath and large bedroom/living area. The building was renovated in 2023 both inside and out, modernizing the property for the next owner.

More Information MLS# 25017655

Location Property Info

County: Oakland Street #: 111 Street Name: 12 Mile Suffix: Road State: MI Zip Code: 48073 Area: Oakland County - 70

OfficeContract Info

Status: Active Current Price: $1,500,000 List Price: $1,500,000 Listing Date: 2025-04-25

General Property Info

New Construction: No Lot Measurement: Acres Lot Acres: 0.29 Lot Square Footage: 12632 Lot Dimensions: 64x200 Year Built: 1962 Road Frontage: 64 Total # Units: 14 # Fin Bldg Lvls: 2 Total # Bldgs: 1 Total SqFt: 5184 Full Baths: 14 Waterfront: No School District: City of Royal Oak

Tax Info

Tax ID #: 25-16-227-023 Taxable Value: 240570 SEV: 240570 For Tax Year: 2024 Seller's Annual Property Tax: 13282 Tax Year: 2024 Spec Assessment & Type: None

Remarks Misc

Directions: 12 Mile Road, west of Main Street

Property Features

Uses: Other Business Includes: Real Estate Construction Type: Block Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at St: Electricity Available; Natural Gas Available Heat Source: Natural Gas Heat Type: Steam Purchase Terms Avail: Cash; Conventional Sale Conditions: None

Listing Office: GRI Homes for Today

Listing Agent: Tjader Gerdom

Last Updated: April - 25 - 2025

111 12 Mile Road, Royal Oak, MI 48073- MLS# 25017655

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