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    1600 Milford Rd Highland, MI 48357

    For Sale
    $450,000

    0.74-acre lot, 1400 sq ft building. Ideal redevelopment.

    Property size:
    1,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional Highland, MI property presents a unique investment opportunity. Situated on a sizable 0.74-acre lot, the existing 1,400 square foot building currently functions as an owner-occupied office, though it's a cozy farmhouse style structure. While the existing building is functional, its primary value lies in the significant land potential. The property's location in Highland offers excellent accessibility and visibility, making it highly attractive for a variety of commercial uses. This presents a prime chance for redevelopment or repurposing, allowing for the creation of a modern industrial space tailored to specific business needs. The substantial lot size provides ample room for expansion or the construction of a new building, offering significant flexibility for future development plans. Investors and developers seeking a strategic location with considerable land area will find this property particularly compelling. The existing structure could be renovated, repurposed, or demolished to make way for a new construction project, depending on the buyer's vision. This property is priced competitively at $450,000, reflecting the significant upside potential inherent in its location and land size. Serious inquiries are encouraged.

    Property Features for 1600 Milford Rd

    General Information

    Property type
    Industrial properties
    Square Feet
    1,400 SF
    Lot Size
    32,234 SF

    Building Details

    Year Built
    1919
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Map

    City
    Highland
    County
    Oakland
    State
    Michigan
    Longitude
    -83.61681
    Latitude
    42.62458

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    FAQs

    What type of property is this?
    Industrial property - 0.74-acre lot, 1400 sq ft building. Ideal redevelopment.
    Where is this industrial property located?
    The property is located at 1600 Milford Rd Highland, MI.
    What is the asking price?
    The asking price for this property is $450,000.
    (248) 889-2800
    Request Owner's contact information
    1600 Milford Rd Highland, MI 48357
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    Highland, MI 48357
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1600 Milford Rd Highland, MI 48357
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