1181 N Milford Road Milford Vlg, MI 48381
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 TypeCommercial
- NeighborhoodN/A
- CountyOakland
- Taxes$23,428
- HOA/Condo/Coop Fees$0
- Days on Site39 Days
- MLS StatusPending
- MLS ID Number20240018968
- Home Size Source Public Records
- Year Built1990
- Lot Size0.83 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Brick
- Building Features ElevatorEmployee Lunch/ LoungeIntercomSmoke Alarm
- Sewer Public Sewer
- Number of Stories 2
- Water Public
- Security Security Alarm
- Zoning Commercial, Office
Interior Features
- Heating Forced Air
Exterior Features
- Roof Asphalt
- Spa No
- Waterfront Property No
- Exterior Outside Lighting
- Other Structures Shed(s)
Community Features
- MLS Area Milford Vlg
- Security Features Security Alarm
- Building Features ElevatorEmployee Lunch/ LoungeIntercomSmoke Alarm