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

Overview

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.

Listing Details MLS# 25017655

Location Property Info

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

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: Yes
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
Homestead %: 0

Remarks Misc

Directions: 12 Mile Road, west of Main Street

Location & Property Info

Cross Streets: 12 Mile & Main
Property Sub-Type: Retail
Area: Oakland County - 70
Municipality: Royal Oak City

More Information

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 289.35
Prop Avail for Lease?: No

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: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Other: Yes

Construction Type

Block: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Steam: Yes

Business Includes

Real Estate: Yes

Util Avail at St

Electricity Available: Yes
Natural Gas Available: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes

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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