Main Street Storefront
105 West Huron Street Milford, MI 48381
For Sale
$1,120,000
Unique storefront in downtown Milford, suitable for retail or restaurant.
Property Size5,135 SF
Price / SF$218.11
Days on Market128
Property Features for 105 West Huron Street
General Information
Standard status
Active
Size
5,135 SF
Property subtype
Retail
Listing Agency:
(248) 351-2063
Listed By:
Chuck Ginster
(248) 351-2063
Source:
Cbre
Added: Mar 25
Changed: Jul 10
Last Checked: Jul 30 at 4:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chuck Ginster
Investment Insights
Based on property information with market context.
This unique storefront property is located on Main Street in downtown Milford. Zoned B-3, the property is suitable for many possible retail uses and has potential for restaurant and carry-out businesses. The property offers an opportunity for investors or owner-occupiers. The current lease expires in August 2025. The property size is 5135 square feet.
Key Highlights
- Prime Main Street storefront location in downtown Milford.
- B‑3 zoning allows for diverse retail uses.
- Potential for restaurant or carry‑out business.
Financial Insights For Retail
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 | $86.3k | $16.80 |
| − Vacancy | −$7.3k | −$1.43 |
| EGI | $78.9k | $15.37 |
| − OpEx | −$23.7k | −$4.61 |
| NOI | $55.3k | $10.76 |
5,135 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$789.4K
$690.7K – $920.9K
NOI $55,255 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.11M
$969.1K – $1.29M
NOI $77,530 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- The Village Florist — 401 N Main St, Milford, MI 48381
- Blossoms On Main — 245 N Main St, Milford Charter Twp, MI 48381
- Kroger Floral — 670 Highland Ave, Milford, MI 48381
- Art of Plants — 204 S Main St, Milford Charter Twp, MI 48381
Frequently Asked Questions
What type of property is this?
Storefront property - Unique storefront in downtown Milford, suitable for retail or restaurant.
Where is this storefront property located?
The property is located at 105 West Huron Street Milford, MI.
What is the asking price?
The asking price for this property is $1,120,000.
What are key features of this property?
This property features: Prime Main Street storefront location in downtown Milford.; B‑3 zoning allows for diverse retail uses.; Potential for restaurant or carry‑out business.
