1181 N MILFORD Road $1,500,000
- 8,573 sq. ft.
- 0.83 Acres
- Commercial Lease
- MLS# 60257407
Listing provided courtesy of: Wilhelm & Associates - 248-625-9500
Go Tour This Listing
Tuesday
28
Nov
Wednesday
29
Nov
Thursday
30
Nov
Friday
01
Dec
Saturday
02
Dec
Sunday
03
Dec
Monday
04
Dec
Tuesday
05
Dec
Wednesday
06
Dec
Thursday
07
Dec
Friday
08
Dec
Saturday
09
Dec
Sunday
10
Dec
Monday
11
Dec
Tuesday
12
Dec
Wednesday
13
Dec
Thursday
14
Dec
Friday
15
Dec
Saturday
16
Dec
Sunday
17
Dec
Monday
18
Dec
Tuesday
19
Dec
Wednesday
20
Dec
Thursday
21
Dec
Friday
22
Dec
Saturday
23
Dec
Sunday
24
Dec
Monday
25
Dec
Tuesday
26
Dec
Wednesday
27
Dec
Thursday
28
Dec
Friday
29
Dec
Saturday
30
Dec
Sunday
31
Dec
Monday
01
Jan
Tuesday
02
Jan
Wednesday
03
Jan
Thursday
04
Jan
Friday
05
Jan
Saturday
06
Jan
Sunday
07
Jan
Monday
08
Jan
Tuesday
09
Jan
Wednesday
10
Jan
Thursday
11
Jan
Friday
12
Jan
Saturday
13
Jan
Sunday
14
Jan
Monday
15
Jan
Tuesday
16
Jan
Wednesday
17
Jan
Thursday
18
Jan
Friday
19
Jan
Saturday
20
Jan
Sunday
21
Jan
Monday
22
Jan
Tuesday
23
Jan
Wednesday
24
Jan
Thursday
25
Jan
Friday
26
Jan
Saturday
27
Jan
Sunday
28
Jan
Monday
29
Jan
Tuesday
30
Jan
Wednesday
31
Jan
Thursday
01
Feb
Friday
02
Feb
Saturday
03
Feb
Sunday
04
Feb
Monday
05
Feb
Tuesday
06
Feb
Wednesday
07
Feb
Thursday
08
Feb
Friday
09
Feb
Saturday
10
Feb
Sunday
11
Feb
Monday
12
Feb
Tuesday
13
Feb
Wednesday
14
Feb
Thursday
15
Feb
Friday
16
Feb
Saturday
17
Feb
Sunday
18
Feb
Monday
19
Feb
Tuesday
20
Feb
Wednesday
21
Feb
Thursday
22
Feb
Friday
23
Feb
Saturday
24
Feb
Sunday
25
Feb
Property Details
Excellent investment opportunity with this beautiful 8,573 sq ft building with fantastic curb appeal & park-like setting. Maximum exposure & monument signage on Milford Rd just minutes from downtown Milford. Monthly rental income = over $10,000. Currently separated into 2 leased units by floor, lower unit is occupied by the DMC with a new 5 year lease in place (expiring 5/2028). Along with the new lease, the DMC made a $150k investment promise to renovate their space (building owner will have final say & plan approval). The upper unit tenant is currently month to month and vacating by end of 2023...could create a perfect owner occupant situation. This floor could easily be split into 2 or 3 units for sub-leasing for even more income potential. This building is very well-maintained with many updates...new parking lot in July 2023, newer furnaces and A/C units, new LED lights in parking lot as well as throughout building. Add this building to your portfolio with pride!
-
General Features
- Acreage 0.83
- Area Municipality Milford (63270)
- County Oakland
- Originating MLS RealComp
- Ownership Private
- Total SqFt Finished 8573
- Waterfront Y/N No
- Year Built 19
- ZONING Professional Office,Commercial
-
Building Features
- Exterior Construction Brick
- Exterior Features Security Lighting
- Foundation Type Basement
- Heating System Forced Air
- Roofing Asphalt
-
Property Features
- Water Public Water
- Lot Size 197 X 253 x 211 x 311
- Roads Paved Street
- Sewer Septic Public Sanitary
Neighborhood
48381 (Milford) Demographics
45 Median Age
646 Population Density (per sq. mile)
51% College Educated
$87,796 Estimated Median Income
4,454 Estimated Total Home Owners
1,033 Estimated Total Renters
81% / 19% Estimated Owner / Renter Divide
2 Estimated Average Household Size
13,434 Total Population
Community data courtesy of LiveBy, Inc.
Market Last 30 Days In This Postal Code
$345,000
Median Sales Price
9
Homes Sold
10
New On Market
Average Days on Site
Properties for Sale
Calculations provided by Reliance Network
Property History
| Date | Price |
|---|---|
| -- | New Value: $1,500,000 |
| 9/21/2023 6:54:00 PM | New Value: $1,500,000 |
Payment Calculator
$0 per month
Year Fixed,
Interest
Principal and Interest
$0
Property Taxes
Homeowners' Insurance
* This payment calculator is intended for educational and planning purposes only.
** Assumes 7.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
** Assumes 7.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.