821 West Eleven Mile Road

Royal Oak, MI 48067

Listing ID: 197533

$225,000

For Sale

Property Type Office : Professional
Lot Size Acres 0.000
Building Sq Ft 1,004
Building Price per Sq Ft $224.10

821 West Eleven Mile Road Royal Oak, MI 48067 - main image

Description

Description
1,004 sf office/retail building with entrance to Royal Oak. Excellent condition with new development in the area. Valuable monument sign on heavily traveled 11 Mile Rd. Half a mile from walkable Downtown Royal Oak community with a variety of shopping and dining options, galleries & theaters. Furniture included. Full basement not included in building square footage. The owner is a management company and will vacate upon sale.
Highlights
Monument Sign
On Site Parking - 4 Spaces
Hardwood Floors
Neighborhood Business
Corner Lot: 0.095 Acres (37.5' x 110')

Attachments & Files

newsalebrochure-2-8hE-RVO.pdf

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		15,972	146,933	364,178
Population Median Age		39	39	40
Population by Age	0-9 Yrs	1754 (10%)	15203 (10%)	38617 (10%)
	10-19 Yrs	1365 (8%)	12352 (8%)	37704 (10%)
	20-29 Yrs	2552 (15%)	26006 (17%)	58114 (15%)
	30-39 Yrs	2691 (16%)	25525 (17%)	54122 (14%)
	40-49 Yrs	2341 (14%)	17766 (12%)	45696 (12%)
	50-59 Yrs	2033 (12%)	19417 (13%)	48318 (13%)
	60-69 Yrs	1737 (10%)	17179 (11%)	42913 (11%)
	70+ Yrs	1499 (9%)	13485 (9%)	38694 (10%)

Median HH Income		$94,684	$71,655	$60,874
Total Household Income	< 24K	905 (11%)	10689 (15%)	32351 (20%)
	25-49K	922 (11%)	12492 (18%)	33938 (21%)
	50-74K	1151 (14%)	11911 (17%)	28028 (17%)
	75-99K	1114 (14%)	9707 (14%)	20990 (13%)
	100-199K	2310 (29%)	17585 (26%)	33926 (21%)
	200K+	1307 (16%)	4689 (6%)	8939 (5%)

Highest Education Level	No Diploma	273	5829	21207
	Diploma or GED	1237	20794	58644
	Some College	1687	22513	59945
	Assoc. Degree	820	8598	20851
	Bachelors Degree	4388	31643	61480
	Higher Degree	3596	20099	41540

Total Housing Units		8,425	71,812	174,797
--Owner-Occupied		5,306	45,507	100,123
--Renter-Occupied		2,403	21,566	58,048
Owner-Occupied Values	< 100K	99	7108	27346
	100-199K	1039	18499	38813
	200-299K	1795	11683	19509
	300-399K	1079	4738	7419
	400-499K	520	1696	2866
	500K+	774	1784	4170

Total Working Age Population		13,259	123,971	302,696
In Work Force		10,063	89,402	199,839
Not In Work Force		3,196	34,569	102,858
Workforce Employed		9,675	86,224	187,642
Workforce Unemployed		378	3,094	12,051
Civlian Workforce		10,053	89,318	199,693
Military Workforce		10	84	146

Total Households		7,709	67,073	158,171
Family Households		3,686	33,432	85,058
Non-Family Households		4,024	33,640	73,112
Married Couple		3,218	25,457	56,565
Other Family		468	7,976	28,494
Married w/Child		1,436	9,650	20,859
Single Male w/Child		41	999	2,743
Single Female w/Child		142	2,109	9,200

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Michigan	9,938,444	-1	9,883,640	+1	10,023,423	+4	10,424,510
Macomb County	788,149	+7	840,978	+5	883,020	+6	933,965
Oakland County	1,194,156	+1	1,202,362	+5	1,264,515	+7	1,350,052
Wayne County	2,061,162	-12	1,820,584	-4	1,741,463	-1	1,730,000

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.