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
Cross Streets: 12 Mile & Main
Property Sub-Type: Retail
Municipality: Royal Oak City
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 289.35
Prop Avail for Lease?: No
General Property Info
New Construction: No
Lot Dimensions: 64x200
Road Frontage: 64
Waterfront: No
Total # Units: 14
Total # Bldgs: 1
# Fin Bldg Lvls: 2
Total SqFt: 5184
School District: City of Royal Oak
Lot Measurement: Acres
Lot Acres: 0.29
Lot Square Footage: 12632
Year Built: 1962
Full Baths: 14
Tax Info
Taxable Value: 240570
SEV: 240570
For Tax Year: 2024
Seller's Annual Property Tax: 13282
Tax Year: 2024
Homestead %: 0
Spec Assessment & Type: None
Tax ID #: 25-16-227-023
Remarks & Misc
Legal: T1N, R11E, SEC 16 ASSESSOR'S PLAT NO 25 E 1/2 OF LOT 3, ALSO THAT PART OF W 1/2 OF LOT 3 DESC AS BEG AT PT DIST N 88-
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Other: 1
Construction Type
Block: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Steam: 1
Business Includes
Real Estate: 1
Util Avail at St
Electricity Available: 1
Natural Gas Available: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
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
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
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