206 E Liberty Street, Milford, MI 48381
Mixed-use property with office space and two residential units, supported by a private parking lot.
- Added:
- Aug 11, 2025
- Days on Market:
- 317
- Last Refresh:
- Jun 20 at 3:28 am
Property Features for 206 E Liberty Street
General Information
- Standard status
- Active
- Size
- 4,859 SF
- Property subtype
- Mixed Use, Office, Land
Building Details
- Year Built
- 2001
Listing agent Keith Reynolds License #MI
Listing office KW Showcase Realty
Listing date Aug 11, 2025
Source Crexi
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 KW Showcase Realty
HighLights
- Built in 2001 mixed‑use property with office space plus two residential units
- Approximately 2,500 SF of office space
- Two high‑end residential units, each approximately 1,500 SF
- Includes a private parking lot
Overview
The property is located within the heart of downtown Milford, providing an accessible setting for both office occupants and residents. The address is 206 E Liberty Street, Milford, MI 48381.
For buyers seeking a mixed-use setup, the current configuration supports a built-in tenant mix of office and residential income streams under one ownership. The private parking lot adds practical convenience for residents and office use, making the building well-suited for an operator who wants to manage both components as part of the same property portfolio.
Local Financial Insights For Multifamily LT 5
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 | $96.2k | $19.80 |
| − Vacancy | −$4.3k | −$0.89 |
| EGI | $91.9k | $18.91 |
| − OpEx | −$27.6k | −$5.67 |
| NOI | $64.3k | $13.24 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Milford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.5988092
- Latitude
- 42.5893021
