Property profile

161 Milford Rd Milford, MI 48381

OFF-MARKET
Outlet malls
Property ID
US43-3228992
72,727 SF 10.51 ac lot Built 2003
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

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

Location

161 Milford Rd Milford, MI 48381-2758
Milford metro Census 132700 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2024
6 recorded transactions
2024
Price N/A
2022
Price N/A
2021
Price N/A
2019
Price N/A
2019
Price N/A
2017
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 161 Milford Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message