Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    640 Milford Rd Milford, MI 48381

    Sponsored
    For Sale
    $2,998,998

    Prime Retail Building, 11,800 SF, Vacant

    Property size:
    11,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 11,800-square-foot retail building is located in the heart of downtown Milford, Michigan. Built in 2000, this single-story, Class B property sits on a 1.12-acre lot and offers 51 parking spaces, ensuring ample customer convenience. Previously occupied by Rite Aid, this vacant building presents a unique owner-user investment opportunity. The property boasts high visibility from its prominent corner location and benefits from excellent walkability within the thriving downtown area. Zoned B3, this stand-alone building offers significant potential for a variety of retail uses, including convenience stores, grocery stores, and pharmacies. The property features one unit and is readily accessible to both local residents and tourists. The asking price is $2,998,998. The Oakland County location, with its address at 640 N Milford Rd, Milford, MI 48381, and APN 1610229015, provides a strong foundation for a successful retail venture. This is a rare opportunity to acquire a prime retail space in a desirable downtown location.

    Property Features for 640 Milford Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,800 SF
    Class
    B
    Lot Size
    48,787 SF

    Building Details

    Year Built
    2000
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Downtown Milford, MI walkable location.
    • High‑visibility corner lot.
    • 11,800 SF single‑tenant building.
    • Ample parking (51 spaces).
    Property Profile Location Intelligence

    Current Use by Public Records

    Rite Aid Drug Store higi Health Consultant Western Union Money Transfer Service Edward I. Betel, ... Pharmacy Rite Aid Photo Photo Lab

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.601272250323
    Latitude
    42.594465049763

    Nearby Comparable

    • $6,795,000
      36,300 SF

      Downtown Milford Retail Center

      Stabilized multi-tenant retail center in downtown Milford, Michigan.
      525 N Main St, Milford, MI 48381
      View Details
    • Contact for pricing
      132 SF

      Grocery Anchored Shopping Center Space

      Retail space available in Milford's largest grocery-anchored shopping center.
      510-670 Highland Ave, Milford, MI 48381
      View Details
    • $700,000
      1.71 Acres

      Prime Milford Road Commercial Land

      1.71 Acres, Mixed-Use Potential
      815 Milford Milford, 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 St, Milford, MI 48381
      View Details
    • $6,950,000
      36,349 SF

      Uptown Village Condos: Milford, MI

      Luxury Condo Portfolio: 17 Units, High ROI
      502 Village Ln, Milford, MI 48381
      View Details
    • $1,300,000
      8,573 SF

      Medical/Dental/Office Building in Milford

      Medical/dental/office building for sale in Milford, Michigan.
      1181 N Milford Rd, Milford, MI 48381
      View Details
    • $3,900,000
      28.50 Acres

      Prime Milford Commercial Land

      28.5 Acres, Multi-Family Potential
      680 Oakland Ave, Milford Charter Township, MI 48381
      View Details

    Nearby Similar for Sale

    • $1,095,000
      4,859 SF

      Mixed-Use Investment in Downtown Milford

      Mixed-use property with office space and residential units.
      206 E Liberty St, Milford, MI 48381
      View Details
    • $1,300,000
      8,573 SF

      Medical/Dental/Office Building in Milford

      Medical/dental/office building for sale in Milford, Michigan.
      1181 N Milford Rd, Milford, MI 48381
      View Details
    • $1,499,999
      4,200 SF

      Spacious New Construction Home

      New construction home with spacious layout and high-end finishes.
      003 Buttercup Trl, Milford, MI 48381
      View Details
    • $1,075,000

      Updated Milford Office Investment Opportunity

      Class A office suite with long-term tenant in Milford.
      1050 Corporate Office Dr, Milford, MI 48381
      View Details
    • $6,795,000
      36,300 SF

      Downtown Milford Retail Center

      Stabilized multi-tenant retail center in downtown Milford, Michigan.
      525 N Main St, Milford, MI 48381
      View Details
    • Contact for pricing
      132 SF

      Grocery Anchored Shopping Center Space

      Retail space available in Milford's largest grocery-anchored shopping center.
      510-670 Highland Ave, Milford, MI 48381
      View Details
    • $2,501,730
      26,334 SF

      Freestanding Industrial Building with Mezzanine

      Industrial building featuring a mezzanine, grade-level doors, and truckwell.
      4955 Technical Dr, Milford, MI 48381
      View Details
    • $219,000
      1,547 SF

      Office Condo with Storage Suite

      Office condo with storage suite available for sale.
      1550 N Milford Rd, Milford, MI 48381
      View Details
    • $2,100,000
      16,662 SF

      Office/Medical Condominium Near Milford

      Office/Medical condominium 92% occupied, close to downtown Milford.
      1150 Corporate Office Dr, Milford, MI 48381
      View Details
    • Contact for pricing
      5,250 SF

      Milford Warehouse Space Available

      5,250 SF warehouse space for sale in Milford, MI.
      2100 Fyke Dr, Milford, MI 48381
      View Details
    • $6,950,000
      36,349 SF

      Uptown Village Condos: Milford, MI

      Luxury Condo Portfolio: 17 Units, High ROI
      502 Village Ln, Milford, MI 48381
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Building, 11,800 SF, Vacant
    Where is this individual retail property located?
    The property is located at 640 Milford Rd Milford, MI.
    What is the asking price?
    The asking price for this property is $2,998,998.
    What are key features of this property?
    This property features: Downtown Milford, MI walkable location.; High-visibility corner lot.; 11,800 SF single-tenant building.
    Request Owner's contact information
    640 Milford Rd Milford, MI 48381
    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.
    640 Milford Rd
    Milford, MI 48381
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    640 Milford Rd Milford, MI 48381
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.