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1423 11 Mile Rd

Royal Oak, MI
Floors
1
Total Size
4,498 sqft
Zoning
B1
Year Constructed
1953
Year Renovated
2011
Building Class

About 1423 11 Mile Rd

Property located near I-75, I-696 and West of Campbell Road near downtown Royal Oak. There are 5 offices, storage room, lavatories, and private entrance. This is a great location for law offices or general office use. Building also features high ceilings and is handicap accessible. Completely renovated in 2010. ADJACENT 2,320 sq. ft. RETAIL PROPERTY COULD BE PACKAGED WITH THIS PROPERTY. LOT IS 90 X 120. Sale price TBD. 1.9/1000

The City: Royal Oak

On average, listings lease in the $30's per square foot per year. The Royal Oak submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 14% decrease in rent.

Compared to the rest of the Metro Detroit market, the Royal Oak region has higher rates, and you'll need to pay a premium to be in this hot region.

Median Rate Median Size
Royal Oak $26
/sqft/yr
9,500
sqft
Median Rate Median Size
Metro Detroit $21
/sqft/yr
2,530
sqft

Median Rate over Time in Royal Oak