1181 N MILFORD Road $1,500,000


    1181 N MILFORD Road Milford, MI 48381



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    • 8,573 sq. ft.
    • 0.83 Acres
    • Commercial Lease
    • MLS# 60257407
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    Views: 60 Days On Site: 68

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    Property Details

    Description Tours

    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


    Chris Banchoff

    Sales Associate

    RE/MAX Home Sale Services

    Cell: 248-921-2755


    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 Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,500,000
        9/21/2023 6:54:00 PM New in Database Source: Multiple Listing Service New Value: $1,500,000

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        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.