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    640 Milford Rd Milford, MI 48381

    For Lease
    $24 SF/Yr

    11,800 SF Medical Office, Ample Parking

    Lot size:
    11,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 11,800-square-foot medical office building is situated on 1.12 acres in the heart of downtown Milford, Michigan. Built in 2000, the single-story structure boasts 47 parking spaces, ensuring convenient access for patients and staff. The property is currently vacant, presenting a unique opportunity for a single tenant to establish a prominent presence in this thriving community. Located at 640 N Milford Road, near Summit Street, the building enjoys high visibility and accessibility, benefiting from its location in the bustling north end of downtown Milford. The B3 zoning allows for a variety of medical uses. The property features a single tenancy and offers a substantial footprint for a medical practice or related business. With its ample parking, prime location, and significant square footage, this property is an ideal investment for those seeking a high-impact presence in a desirable Michigan market. The Oakland County location, with APN 16-10-229-015, provides further assurance of a stable and sought-after address. The building's single-story design and substantial parking make it highly functional and attractive to a wide range of medical tenants. This is a rare opportunity to acquire a fully vacant, well-located medical office building in a vibrant downtown setting. The zip code is 48381.

    Property Features for 640 Milford Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,800 SF
    Total Rate
    23600

    Building Details

    Year Built
    2000
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    11,800 SF
    Rate per SF
    $24

    HighLights

    • Highly walkable Downtown Milford location.
    • High‑visibility corner lot with excellent street exposure.
    • Freestanding building.
    • Ample on‑site parking.
    Property Profile Insight Report 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

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      Milford Office & Medical Suites

      Versatile office and medical suites for lease in Milford, MI.
      1181 N Milford Rd, Milford, MI 48381
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      Corner Lot for Lease

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      Highland Medical Office Space For Lease

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      Milford Medical Office Suites Available

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      Milford Medical Office Building

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      Industrial Space with Crane Access

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    Nearby Similar for Lease

    • $14 SF/Yr
      8,573 SF

      Milford Office & Medical Suites

      Versatile office and medical suites for lease in Milford, MI.
      1181 N Milford Rd, Milford, MI 48381
      View Details
    • $18 SF/Yr
      16,325 SF

      Milford Medical Office Suites Available

      Modern medical office space, flexible suites.
      1100 Corporate Office Dr, Milford, MI 48381
      View Details
    • $8 SF/Yr
      15,000 SF

      Industrial Space with Crane Access

      Remodeled industrial space featuring cranes, high ceilings, and outside storage.
      2175 Fyke Dr, Milford, MI 48381
      View Details

    FAQs

    What type of property is this?
    Medical office - 11,800 SF Medical Office, Ample Parking
    Where is this medical office located?
    The property is located at 640 Milford Rd Milford, MI.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Highly walkable Downtown Milford location.; High-visibility corner lot with excellent street exposure.; Freestanding building.
    Request Owner's contact information
    640 Milford Rd Milford, MI 48381
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    Milford, MI 48381
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    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
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