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    815 Milford Milford Milford Charter Township, MI 48381

    Sponsored
    For Sale
    $700,000

    1.71 Acres, Mixed-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.71-acre property, located at 815 N. Milford Road in Milford Charter Township, Oakland County, Michigan (48381), presents a unique investment opportunity. Currently zoned O-1 (Office District), it allows for a variety of uses, including residential, subject to special conditions. The site boasts 198 feet of frontage along Milford Road and all utilities are available on-site, including municipal water and sanitary sewer. Previously approved for a three-story mixed-use development (office/retail on the first floor and multi-family on the second and third floors), detailed renderings and further information are available upon request. This prime location in the Village of Milford offers significant potential for developers seeking a versatile site with existing approvals. The property's APN is 16-03-453-068. The asking price is $700,000. This is a rare opportunity to acquire a substantial parcel in a thriving Michigan community. Don't miss out on this chance to build your vision.

    Property Features for 815 Milford Milford

    General Information

    Property type
    Land
    Lot Size
    74,488 SF

    Building Details

    Stories
    3

    HighLights

    • 1.71‑acre parcel in Milford, MI, zoned O‑1 (Office District).
    • Previously approved for a three‑story mixed‑use development (office/retail and multi‑family).
    • Multiple permitted uses, including residential (subject to conditions).
    • Residential units permitted on the second and third floors.
    • All utilities available on‑site, including municipal water and sewer.
    • 198 feet of frontage on Milford Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Milford Charter Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.606632
    Latitude
    42.5952709

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    FAQs

    What type of property is this?
    Land - 1.71 Acres, Mixed-Use Potential
    Where is this land located?
    The property is located at 815 Milford Milford Milford Charter Township, MI.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 1.71-acre parcel in Milford, MI, zoned O-1 (Office District).; Previously approved for a three-story mixed-use development (office/retail and multi-family).; Multiple permitted uses, including residential (subject to conditions).
    Request Owner's contact information
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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
    815 Milford Milford Milford Charter Township, MI 48381
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