1181 N Milford Road, Milford, MI 48381
COMMERCIAL - Milford, MI
- Added:
- Jul 31, 2025
- Days on Market:
- 334
- Last Refresh:
- Jun 29 at 8:06 am
Property Features for 1181 N Milford Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 4
- Interior features
- Broadband
- Standard status
- Active
- APN
- 16-03-401-003
- Size
- 8,573 SF
- Lot size
- 0.83 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- T2N, R7E, SEC 3 PART OF S 1/2 OF SEC BEG AT PT DIST N 482.43 FT & E 139.13 FT FROM SW COR OF NW 1/4 OF SE 1/4, TH N 00-
- Tax Annual Amount
- 23638
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1990
- Number of units
- 5
- Building materials
- Brick
- Roof type
- Composition
Listing agent Kevin Johnston (248) 880-8931
Listing office Live North Real Estate LLC 2395 E Judd Road, Burton, MI (248) 880-8931
Listing date Jul 31, 2025
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Opportunity to own a medical/dental/office building and build equity.
- Anchor tenant (DMC) provides stable rental income on a NNN lease.
- Prime location with HIGH VISIBILITY off a main road into downtown.
- Flexible suite configurations suitable for various medical/professional uses (exam rooms, offices, potential pharmacy).
- Recent upgrades enhance the building's appeal.
- Built in 1990 with brick construction.
Overview
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $216.0k | $25.20 |
| − Vacancy | −$22.7k | −$2.65 |
| EGI | $193.4k | $22.55 |
| − OpEx | −$77.3k | −$9.02 |
| NOI | $116.0k | $13.53 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Milford Veterinary Clinic PC — 110 Canal St, Milford, MI 48381
Location Insight
- Map
- Local Demand
- City
- Milford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.609885
- Latitude
- 42.599672
