Rare Opportunity in Downtown Royal Oak

Royal Oak is a city in Oakland County in the U.S. state of Michigan. An inner-ring suburb of Detroit, Royal Oak is located roughly 14 miles (22.5 km) north of downtown Detroit. As of the 2020 census, the city had a population of 58,211. Royal Oak is located along the Woodward Corridor, and is served by Interstate 75 and Interstate 696. The city has one of the largest downtowns in Detroit's suburbs, and is also home to much of the Detroit Zoo, with portions extending into neighboring Huntington Woods. Royal Oak was named in 1819, during one of the surveying expeditions led by Territorial Governor Lewis Cass. A large oak tree at this small settlement reminded Cass of the story of the Royal Oak, where King Charles II of England, Scotland and Ireland hid to escape capture by the Roundheads after the Battle of Worcester, so he chose that name for the settlement. Royal Oak was not incorporated as a village until 1891. It was reincorporated a city in 1921. Discover the vibrant community surrounding this sought-after commercial property in Royal Oak, MI. Located in the heart of downtown, the area offers a dynamic mix of dining, retail, and entertainment options, creating an ideal environment for businesses and their employees. Just steps away, visitors can explore the Royal Oak Farmers Market, catch a show at the Royal Oak Music Theatre, or enjoy the diverse culinary scene. With convenient access to major highways, the location provides prime connectivity to the broader metropolitan area. This thriving neighborhood presents an exciting opportunity for investors seeking a strategic foothold in the bustling Royal Oak commercial market.Exclusive Realty is pleased to present a prime investment opportunity in Royal Oak, MI: a historic 2,087 SF multifamily property with 3.5 units, offering a solid investment with 100% occupancy. This charming mid-rise building, constructed in 1910, exudes timeless appeal and potential. The ideal location provides an excellent setting for future growth and sustained returns. With a strong occupancy rate and a desirable location, this property is a promising venture for a savvy investor seeking a stable and rewarding addition to their portfolio.