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    Property profile & analytics
    OFF-MARKET Estimated value $6,260,000
    Outlet malls

    161 Milford Rd, Milford, MI 48381-2758

    72,727 SF 10.51 ac lot Built 2003
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-3228992
    Property summary
    AI-generated overview

    Milford Plaza, a 71,098 square foot community shopping center in Milford Charter Township, Michigan (Oakland County, zip code 48381), presents exceptional retail leasing opportunities. Strategically located at the southeast corner of General Motors Road and Milford Road, this center enjoys a highly visible position at the gateway to Milford. The property boasts a signalized entrance on Milford Road and multiple curb cuts on both major roads, ensuring easy access for customers. Anchored by a 28,454 square foot Planet Fitness and a 13,110 square foot Dollar Tree, the center also houses tenants such as Ivy Rehab, Great Clips, and Play and Grow. With excellent visibility and signage, Milford Plaza benefits from high daily traffic counts: 16,000 vehicles on Milford Road and 12,000 on General Motors Road. The primary trade area encompasses over 51,000 people. Multiple spaces are available, ranging from 1,400 to 4,200 contiguous square feet, with a total of 9,100 square feet currently vacant. Specific available spaces include units at 137, 145, 151, 155, and 157 S Milford Rd (various sizes), and Suite B at 163 S Milford Rd (5,200 square feet). These spaces offer excellent small shop leasing opportunities at competitive rates. The property's address is 161 S Milford Rd.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 2003
    Total area 72,727 SF
    Lot 10.51 ac (457,816 SF)
    APN LM-16-10-451-025
    UPID US43-3228992
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $6.91M
    Blend (final) Blend
    $6.26M
    Owner & transaction history
    Milford Village LLC · 2 yrs held
    Milford Village LLC
    since 2024
    6 recorded transactions
    2024
    2022
    2021
    2019
    2019
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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