Large buildable parcel on the corner of E. Lincoln and Irving near dowtown Royal Oak! Zone residential overlay with a couple different options. Could be split for 2 buildable lots with 74 feet of frontage on newly repaved Lincoln Rd and 60 feet of frontage on Irving. Could also do two 4 unit apartment buildings or one 8 unit aparment building. Perfect for the creative builder. Note this parcel does not include the home next door at 712 E. Lincoln. Can also be purchased for $874,900 with 712 E. Lincoln which is a clean updated 1650 sq ft 2 family home that is always rented, current rents are low at $2,650...landlord pays all utilities except cable / internet. This will provide 142 feet of frontage and .61 acres on E. Lincoln and allow for 3 or 4 buildable lots or many other multi unit options. See MLS# 20240029784 for details. This is a great piece of property that does not come up for sale often near downtown RO. If you walk the property please stay on the 720 E. Lincoln side and do not disturb the tenants at 712. Owner has a valid MIchigan salesperson license but not is not the listing agent. Agent will forward any pertinent questions to the seller for answers. Help to keep improving RO and put a solid investment to work for you !! Prior home on 720 has already been demo'd and parcel is ready to go! All taxes are estimated and subject to change. Buyer to verify all information with City of Royal Oak.
Property Details
Property Features
Listing Office:
Office Name: 3DX Real Estate LLC Troy
Office Phone: (888) 304-1447
Listing Agent: Paul Corona
Lot Features
Lot Information:
Lot: Corner Lot
Lot Size: 0.42 Acres
School Info
Assigned Schools Information:
Royal Oak Middle School, Public District Grades 6-8
Oakland Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: S side of E. Lincoln E of Main St.
Price Information
Listing Price Info
Price Summary:
List Price: $499,900
Tax Information:
Annual Amount: $5,537
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Royal Oak, MI.
This property is $155.6K more than the Median Sold Price in Royal Oak, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240032036
Listing Office:
Office Name: 3DX Real Estate LLC Troy
Office Phone: (888) 304-1447
Listing Agent: Paul Corona
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Oakland Elementary School
2415 Brockton Ave
Distance between this listing and this school1.04 miles
Public District Grades KG-5
Middle School
5
/10
Royal Oak Middle School
709 N Washington Ave
Distance between this listing and this school1.02 miles
Public District Grades 6-8
Assigned Schools
6
/10
Oakland Elementary School
2415 Brockton Ave
Distance between this listing and this school1.04 miles
Public District Grades KG-5
Nearby Schools
6
/10
Keller Elementary School
1505 N Campbell Rd
Distance between this listing and this school1.43 miles
Public District Grades KG-5
3
/10
John F. Kennedy Elementary School
24220 Rosewood St
Distance between this listing and this school1.58 miles
Public Magnet Grades 3-5
Assigned Schools
5
/10
Royal Oak Middle School
709 N Washington Ave
Distance between this listing and this school1.02 miles
Public District Grades 6-8
Nearby Schools
2
/10
Wilkinson Middle School
26524 John R Rd
Distance between this listing and this school1.69 miles
Public District Grades 6-8
3
/10
Momentum Academy
99 E Woodward Heights Blvd
Distance between this listing and this school1.90 miles
Public Charter Grades PK-9
Nearby Schools
2
/10
Webb Elementary School
2100 Woodward Hts
Distance between this listing and this school1.49 miles
Public District Grades PK-12
1
/10
Invest Roosevelt Alternative High School
24131 S Chrysler Dr
Distance between this listing and this school1.56 miles
Public District Grades 9-12
6
/10
Madison Virtual Academy
26524 John R Rd
Distance between this listing and this school1.69 miles
The neighbors living near this home have an average income of $79,620. Residents of Royal Oak, MI typically earn between $35k-100k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 720 E Lincoln Ave
What is the listing price of this property?
The listing price of 720 E Lincoln Ave property is $499,900.
What type of property is this?
The property 720 E Lincoln Ave is land located in Royal Oak, Michigan, 48067.
Is this property for sale now?
Active Listing: 720 E Lincoln Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 720 E Lincoln Ave are: Oakland Elementary School: GreatSchools Rating 6/10Royal Oak Middle School: GreatSchools Rating 5/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $5,537 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 22, 2021 for $300,000. (source: MLS/tax record).
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This home is located at 720 E Lincoln Ave in Royal Oak, MI and zip code 48067. This home sits on a 0.42 acre lot. It has been listed on Rocket Homes since May 13, 2024 and is currently priced at $499,900.
In April 2024 more than 51 listings in Royal Oak, MI were sold above the asking price. During the same period more than 17 listings were sold at asking price, while more than 14 were sold below. The inventory of homes for sale in Royal Oak, MI between March 2024 and April 2024 increased by 28.3%. Listings spent 20 days on the market in April 2024, and had a median list price of $344,259 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
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