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Property profile & analytics
OFF-MARKET
Warehouses

1550 Milford Rd Milford, MI 48381-1058

997 SF 0.27 ac lot Built 2004
Individually Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US43-1383820
Property summary
AI-generated overview

This exceptional 1,547 square foot executive office condo, located at 1550 N Milford Rd in Milford Charter Township, Michigan (48381), presents a unique investment opportunity. The property, encompassing units 8 and 9, is a Class B building constructed in 2004 and extensively renovated in 2017 and 2023. Boasting a convenient single-story design, the suite offers direct exterior access from the east parking lot, providing excellent visibility and accessibility. The sale includes both units, and association costs are included in the asking price of $219,000. Ample parking is available, with a ratio of 7.14 spaces per 1,000 square feet. The property features newer mechanical equipment and elevator access. While a common restroom is not within the suite, the property also includes space on the monument sign for enhanced branding. The permitted zoning is BI - Office, and the property's APN is 16-03-205-008; 16-03-205-009. An adjacent storage suite across the hall is also available. This turnkey office space is ideal for a business seeking a well-maintained, conveniently located, and readily accessible office environment in Oakland County.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2004
Total area 997 SF
Lot 0.27 ac (11,761 SF)
Zoning code BI
APN L -16-03-205-009
UPID US43-1383820
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Ameri First Home Mortgage Loan Service Bank
  • DePillo Insurance Agency - Meemic Insurance Agent Insurance Agency
  • The Bolling Law Group, PLLC Law Firm
  • Law Office of Jack W Bolling PC Law Firm
  • Rick Lindbeck Design Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
James Solomon · 7 yrs held
James Solomon
since 2019
4 recorded transactions
2019
$10,000
2018
Price N/A
2017
$1,000
2011
$15,040
Zoning & alternative use
BI · Milford, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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