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1423 E 11 Mile Road 1 1 1423 E 11 Mile Road Portfolio of 2 properties in Royal Oak, MI, having total size of 6,818 SF, and for sale at $895,000 ($131.27/SF) Portfolio Information Sales Contacts Sale Price: $895,000 Signature Associates Cap Rate: - One Towne Sq Sale Status: Active Suite 1200 Sale Conditions: - Southfield, MI 48076 Sale Type: Owner User (248) 948-9000 Total Size: 6,818 SF Kris R. Pawlowski Total Land Area: 0.50 AC Vice President | Principal Days On Market: 476 (248) 359-3801 (phone) (248) 948-9015 (fax) 2 Properties in portfolio Properties cannot be sold individually Investment Notes Now is your opportunity to own office space with private parking - no Royal Oak parking headaches! Conveniently located near I-75, I- 696, and west of Campbell Road at the entryway to Downtown Royal Oak. Great re-development or investment opportunity. Building #1 is a combined 2,320 sq.ft. located at 1409 & 1411 E. 11 Mile Rd. with 2 separate units. One recently renovated into large conference center with kitchen, restroom, and ample storage. Building #2 (adjacent), located at 1423 E. 11 Mile Rd., is 4,498 sq. ft. and includes 9 offices, plenty of cubicle space, kitchenette, private conference room, storage room, server room, lavatories, and private entrance. Great location for law offices or general office use. Also features high ceilings and is handicap accessible. 6/3/2019 Copyrighted report licensed to City of Royal Oak - 752306. Page 1 Page 1 2 728 E 11 Mile Rd Royal Oak, MI 48067 - Royal Oak Vicinity Submarket 1,950 SF Retail Storefront Building Built in 1972 Property is for sale at $345,000 ($176.92/SF) Investment Information Sales Contacts Sale Price: $345,000 Signature Associates Price/SF: $176.92 One Towne Sq Cap Rate: - Suite 1200 Southfield, MI 48076 Sale Status: Active (248) 948-9000 Sale Conditions: - Sale Type: Owner User Peter Vanderkaay Associate Days On Market: 283 (248) 359-3837 (phone) (248) 948-4198 (fax) Investment Notes Excellent opportunity to own great real estate in Royal Oak. Close to downtown and I-75. Great signage. Building shop are has mezzanine for additional storage space. Includes ten foot grade level door. Center Information Center Type: Storefront Center Size: 1,950 SF Bldg Status: Built 1972 Zoning: BI % Leased: 0.0% Total Avail: 1,950 SF Owner Type: No Rent/SF/Yr: For Sale Bldg Vacant: 1,950 SF Land Area: 0.15 AC Stories: 1 Owner Occupied: No Lot Dimensions: - Elevators: - Tenancy: Single Tenant CAM: - Loading Docks: None Ceiling Height: 16' Street Frontage: 34 feet on 11 Mile Rd Parking: 7 free Surface Spaces are available; Ratio of 3.59/1,000 SF Parcel Number: 25-22-130-028 6/3/2019 Copyrighted report licensed to City of Royal Oak - 752306. Page 2 Page 2 3 928 E 11 Mile Rd Royal Oak, MI 48067 - Royal Oak Vicinity Submarket 1,959 SF Class B Office Building Renovated in 2015 Built in 1924 Property is for sale at $399,900 ($204.13/SF) Investment Information Sales Contacts Sale Price: $399,900 Century 21 Town and Country Price/SF: $204.13 32121 Woodward Ave Cap Rate: - Royal Oak, MI 48073 (248) 540-8437 Sale Status: Active Sale Conditions: - Sale Type: Owner User Polina Peach (248) 670-1783 (phone) Days On Market: 307 Office Information Bldg Type: Office Bldg Status: Built 1924, Renov 2015 Class: B % Leased: 0.0% RBA: 1,959 SF Total Avail: 1,959 SF Elevators: - Stories: 2 Bldg Vacant: 1,959 SF Core Factor - Land Area: 0.11 AC Typical Floor Size: 980 SF Zoning: BI Owner Type: Corporate/User Building FAR: 0.41 Tenancy: Single Tenant Owner Occupied: - Parcel Number: 25-22-201-031 Parking: 5 Surface Spaces are available; Ratio of 2.55/1,000 SF 6/3/2019 Copyrighted report licensed to City of Royal Oak - 752306. Page 3 Page 3 4 E 12 Mile Rd - Kroger Marketplace Outlot A, Marketplace of Royal Oak SWC 12 Mile Rd & Stephenson Hwy - Kroger Marketplace Outlot A - Marketplace of Royal Oak SWC 12 Mile Rd & Stephenson Hwy - Royal Oak, MI 48067 - Royal Oak Vicinity Submarket 8,500 SF Proposed Retail (Neighborhood Center) Building to Begin Construction 6/2019 Property is for sale at an undisclosed price Investment Information Sales Contacts Sale Price: For Sale CRE Development Price/SF: - 100 W Long Lake Rd Cap Rate: - Suite 200 Bloomfield Hills, MI 48304 Sale Status: Active (248) 586-4130 Sale Conditions: - Sale Type: Investment Cathy Wilson VP Acquisitions Days On Market: 259 (248) 586-4130 ext. 4159 (phone) (248) 549-2068 (fax) Center Information Center Type: (Neighborhood Center) Center Size: 8,500 SF Bldg Status: Proposed, breaks ground Jun 2019 Zoning: Commerical % Leased: 0.0% Total Avail: 8,500 SF Owner Type: No Rent/SF/Yr: For Sale Bldg Vacant: 0 SF Land Area: 1.16 AC Stories: 1 Owner Occupied: - Lot Dimensions: - Elevators: - Tenancy: Multiple Tenant CAM: - Street Frontage: 200 feet on Twelve Mile Rd Traffic Count: 70,000 cars per day on Twelve Mile Rd Parking: 104 Surface Spaces are available; Ratio of 10.00/1,000 SF Parcel Number: 25-14-126-007 6/3/2019 Copyrighted report licensed to City of Royal Oak - 752306. Page 4 Page 4 5 509 E 13 Mile Rd Royal Oak, MI 48073 - Royal Oak Vicinity Submarket 4,038 SF Retail Bank Building Built in 1985 Property is for sale at an undisclosed price Investment Information Sales Contacts Sale Price: For Sale JLL Price/SF: - 226 E Hudson Ave Cap Rate: - Suite 200 Royal Oak, MI 48067 Sale Status: Active (248) 581-3300 Sale Conditions: - Sale Type: Investment JP Champine Executive Vice President Days On Market: 104 (248) 581-3322 (phone) (313) 967-4135 (fax) Investment Notes BIDS DUE: 5/24/19 Center Information Center Type: Bank Center Size: 4,038 SF Bldg Status: Built 1985 Zoning: NB % Leased: 100.0% Total Avail: 0 SF Owner Type: No Rent/SF/Yr: For Sale Bldg Vacant: 0 SF Land Area: 0.77 AC Stories: 1 Owner Occupied: No Lot Dimensions: - Elevators: - Tenancy: Single Tenant CAM: - Loading Docks: None Ceiling Height: - Street Frontage: 126 feet on 13 Mile Rd 123 feet on Windemere Ave Parking: 34 free Surface Spaces are available; Ratio of 8.42/1,000 SF Amenities: Drive Thru, Pylon Sign Parcel Number: 25-03-379-015 6/3/2019 Copyrighted report licensed to City of Royal Oak - 752306. Page 5 Page 5 6 3115 W 13 Mile Rd Royal Oak, MI 48073 - Royal Oak Vicinity Submarket 2,800 SF Retail Convenience Store Building Built in 1966 Property is for sale at $495,000 ($176.79/SF) Investment Information Sales Contacts Sale Price: $495,000 Keller Williams Realty - Troy Market Center Price/SF: $176.79 901 Wilshire Dr Cap Rate: - Suite 125 Troy, MI 48084 Sale Status: Active (248) 649-7200 Sale Conditions: - Sale Type: Owner User James Silver (248) 649-7200 (phone) Days On Market: 140 (248) 417-9617 (fax) Investment Notes Central Royal Oak location at the crossroads of busy 13 Mile, Coolidge Hwy, and Woodward Ave! Currently operating as a party store, this commercial space sees incredible traffic counts. Across from Beaumont Hospital and their new development, and seconds from the famous and growing Woodward Dream Cruise. 200+ unit apartment building next door for a built in clientele. Equipped with a kitchen for additional income possibilities. Back storage room and private office. Endless possibilities at an unbeatable location! Liquor license offered for $275,000 Center Information Center Type: Convenience Store Center Size: 2,800 SF Bldg Status: Built 1966 Zoning: BI % Leased: 14.1% Total Avail: 2,406 SF Owner Type: - Rent/SF/Yr: For Sale Bldg Vacant: 2,406 SF Land Area: 0.25 AC Stories: 1 Owner Occupied: Yes Lot Dimensions: - Elevators: - Tenancy: - CAM: - Loading Docks: None Ceiling Height: - Street Frontage: 101 feet on 13 Mile Rd Parking: 14 free Surface Spaces are available; Ratio of 5.82/1,000 SF Amenities: Signage Parcel Number: 25-08-101-005 6/3/2019 Copyrighted report licensed to City of Royal Oak - 752306. Page 6 Page 6 7 2009 Bellaire Ave Royal Oak, MI 48067 - Royal Oak Area Ind Submarket 13,184 SF Class C Warehouse Building Built in 1965 Property is for sale at $850,000 ($64.47/SF) Investment Information Sales Contacts Sale Price: $850,000 Colliers International Price/SF: $64.47 2 Corporate Dr Cap Rate: - Suite 300 Southfield, MI 48076 Sale Status: Active (248) 540-1000 Sale Conditions: - Sale Type: Investment Robert Haver Associate Vice President Days On Market: 370 (248) 540-1000 (phone) (248) 540-1038 (fax) Investment Notes - 13,184 SF Free-Standing Single Tenant Industrial Building Available Immediately - 2,383 SF Office/6 Restrooms - Great Royal Oak Location and Quick Access to I-75/12 Mile Road - Fenced-In Yard - Silicone Coated Roof System - Newer Roof Over Back Half of Bldg - 14' - 16' Ceiling Heights - (2) 14' OH Doors with Levelers - 2 Mezzanine Areas - 2017 Property Taxes: $13,188.26 Building Information Bldg Type: Warehouse RBA: 13,184 SF Bldg Status: Built 1965 % Leased: 100.0% Rent/SF/Yr: For Sale Stories: 1 Zoning: II Bldg Vacant: 0 SF Building 0.34 Owner Type: - Warehouse Avail: 0 SF CAM:FAR: - Owner Occupied: No Office Avail: 0 SF Land Area: 0.88 AC Tenancy: Single Tenant Max Contig: 0 SF Smallest Space: 0 SF Lot Dimensions: - Ceiling Height: 14'0" Crane: None Cross Docks: - Column Spacing: - Loading Docks: None Levelators: None Const Mat: Masonry Drive Ins: 1 tot./10'0"w x 12'0"h Sprinklers: None Rail Spots: None Rail Line: None Features: Fenced Lot Parcel Number: 25-14-101-022 Parking: 45 free Surface Spaces are available; Ratio of 3.41/1,000 SF 6/3/2019 Copyrighted report licensed to City of Royal Oak - 752306.
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