Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    510-670 Highland Avenue Milford Milford, MI 48381

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail space available in Milford's largest grocery-anchored shopping center.

    Property size:
    132 SF
    Added:
    Sep 12, 2025
    Days on Market:
    204
    Last Refresh:
    Apr 1 at 10:16 pm

    Property Features for 510-670 Highland Avenue Milford

    General Information

    Standard status
    Active
    Size
    132 SF

    Properties For Sale

    at 510-670 Highland Avenue Milford Contact us

    We can help!

    Listing Contact
    Eric Unatin

    Listing agent Eric Unatin

    Listing office Mid America Real Estate - Michigan Inc

    Listing date Sep 12, 2025

    Source Midamericagrp

    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 Mid America Real Estate - Michigan Inc

    Overview

    Grocery Anchored Shopping Center Space

    Located in Milford, this property is part of the area's largest and only major grocery-anchored shopping center. The anchor tenant, Kroger, has recently been renovated, expanded, and added a fuel station. Other co-tenants include Great Lakes Ace Hardware, Starbucks, Little Caesars Pizza, Henry Ford OptimEyes, and T-Mobile. Prominent pylon signage is available along W. Summit Street at the center's main entrance. Additionally, a turnkey former urgent care facility is available for lease. The property is suitable for retail and shopping center use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6046
    Latitude
    42.5931

    Nearby Similar for Sale

    • $1,300,000
      8,573 SF

      Medical/Dental/Office Building in Milford

      Medical/dental/office building for sale in Milford, Michigan.
      1181 N Milford Road, Milford, MI 48381
      View Details
    • $449,900
      1,464 SF

      Historic Milford Home, Income Potential

      Rare, fully furnished, renovated historic home in Milford's Historic District.
      524 Hickory Street, Milford, MI 48381
      View Details
    • $1,499,999
      4,200 SF

      New Home Development in Milford

      New construction homes with spacious layouts on wooded lots.
      lot 3 Buttercup Trail, Milford, MI 48381
      View Details
    • $1,150,000
      2,700 SF

      Commercial Property Package For Sale

      Commercial property package featuring restaurant, rental home, and billboard.
      2020 S MILFORD S Road, Milford Charter Township, MI 48381
      View Details
    • $1,095,000
      4,859 SF

      Mixed-Use Investment in Downtown Milford

      Mixed-use property with office space and residential units.
      206 E Liberty Street, Milford, MI 48381
      View Details
    • $1,120,000
      5,135 SF

      Main Street Storefront Opportunity

      Unique storefront in downtown Milford, suitable for retail or restaurant.
      105 West Huron Street, Milford Charter Township, MI, 48381
      View Details
    • $795,000
      5,200 SF

      Downtown Milford Multi-Tenant Office Building

      Multi-tenant office building in downtown Milford for sale.
      127-131 E Commerce Street, Milford, MI 48381
      View Details
    • Contact for pricing
      71,382 SF

      Retail Center with Ample Parking

      Well-maintained retail center with long-term tenant and growth potential.
      135 South Milford Road, Milford Charter Township, MI, 48381
      View Details
    • Contact for pricing
      6,752 SF

      Industrial Contractor Yard For Sale

      6,752 SqFt industrial contractor yard available for purchase.
      4964 Technical Dr, Milford, MI 48381
      View Details
    • $1,650,000
      11,800 SF

      Downtown Milford Retail Opportunity

      Premium retail building in downtown Milford with high visibility.
      640 N Milford Rd, Milford, MI 48381
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Retail space available in Milford's largest grocery-anchored shopping center.
    Where is this neighborhood center located?
    The property is located at 510-670 Highland Avenue Milford Milford, MI.
    What are key features of this property?
    This property features: Anchored by a newly renovated and expanded Kroger with fuel station.; Located in Milford's largest and only major grocery‑anchored shopping center.; Prominent pylon signage available along W. Summit Street.
    (248) 855-6800
    We can help!
    Listing Contact
    Eric Unatin
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!