MI > Oakland > Milford > 1181 N Milford Road

$1,425,000

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  • MLS# 20240018968
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248-304-6700

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Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.
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. The entire lower floor is occupied by a DMC OB/GYN office with a new 5 year lease in place (expiring 5/2028). Along with this new lease, the DMC made a $150k investment promise to renovate their space (building owner will have final say & plan approval & should be soon). The upper floor is 25% occupied with a new 5 year NNN lease for $1295/mo (ramps up to $1595/mo in years 4 & 5) Land Contract terms are negotiable. Other 3 lease spaces are currently advertised on the MLS. Much more potential for additional income (10.7% cap rate) 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!

Property Information

Status
Pending 
Address
1181 N Milford Road 
City
Milford 
Zip
48381 
Year Built
1990 
Business Type
Medical, Service 
Listing Date
03/26/2024 
Architecture
2 Story 
County
Oakland 
Above Grade SqFt
8,573 
Possession
At Close 
Price/SqFt
166.22 

School Information

School District
Huron Valley 

Taxes

Summer Taxes
$19,142 
Winter Taxes
$4,286 

Features

Zoning
Commercial, Office 
Water
Public (Municipal) 
Sub Property Type
Commercial 
Office Heat
Central Air 
Heating
Forced Air 

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annual
annual

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  • Market Statistics
  • Property History
  • Schools Information
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
20240018968 Pending Active Apr 4 2024 1:36PM 191
20240018968 Active Mar 26 2024 12:05PM $1,425,000 191
20230047089 Expired Active Mar 22 2024 2:15AM 182
20230047089 Feb 15 2024 3:39PM $1,425,000 $1,500,000 182
20230067412 Sold Pending Feb 5 2024 1:06PM $1,295 140
20230067412 Pending Active Jan 25 2024 4:05PM 140
20230067412 Jan 17 2024 10:39AM $400 $5,500 140
20230047089 Active Sep 21 2023 6:36PM $1,500,000 182
20230067412 Active Sep 11 2023 1:36PM $5,500 140
219008087 Withdrawn Active Apr 5 2021 12:11PM 803
219008087 Sep 11 2019 5:06PM $2,013 $750 803
219008087 Active Jan 25 2019 1:44PM $750 803
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

MIRC Logo

Listing Courtesy of Wilhelm & Associates
(248) 625-9500
Office Address 6485 Dixie

1181 N Milford Road Milford
Contact us
$1,425,000
For Sale • Acres: 0.83 • Zoning: Commercial,Office