$1,500,000
Royal Oak, MI 48073
MLS# 25017655
5184 sqft
1 / 25
Property 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.
Details
Maps
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
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