1600 S Milford Rd Highland, MI 48357
This exceptional Highland, MI property presents a unique investment opportunity. Situated on a sizable 0.74-acre lot, the existing 1,400 square foot building currently functions as an owner-occupied office, though it's a cozy farmhouse style structure. While the existing building is functional, its primary value lies in the significant land potential. The property's location in Highland offers excellent accessibility and visibility, making it highly attractive for a variety of commercial uses. This presents a prime chance for redevelopment or repurposing, allowing for the creation of a modern industrial space tailored to specific business needs. The substantial lot size provides ample room for expansion or the construction of a new building, offering significant flexibility for future development plans. Investors and developers seeking a strategic location with considerable land area will find this property particularly compelling. The existing structure could be renovated, repurposed, or demolished to make way for a new construction project, depending on the buyer's vision. This property is priced competitively at $450,000, reflecting the significant upside potential inherent in its location and land size. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BI · Highland, MICosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.