Property profile

2020 Milford Rd Milford, MI 48381

OFF-MARKET
Drive through restaurants
Property ID
US43-1293700
1,887 SF 5.14 ac lot Built 1961
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

The package includes a Dairy Queen restaurant, a rental home, a billboard, and approximately 5.72 acres of commercial property situated at the entrance to Kensington Park off Milford Road. The restaurant space is approximately 2,700 square feet and is configured as a stand-alone quick-service restaurant. The site includes a billboard on the property and a separate rental home unit, supporting mixed-use income potential alongside the restaurant operation. The restaurant is associated with a transferable franchise arrangement.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1961
Total area 1,887 SF
Lot 5.14 ac (223,898 SF)
Zoning code BI
APN L -16-21-276-001
UPID US43-1293700

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Specialty Food Shop

Location

2020 Milford Rd Milford, MI 48381-3146
Milford metro Census 132600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$800k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$800k

Owner & transaction history

since 2024
Last sale
$800,000
3 recorded transactions
2025
Price N/A
2024
$800,000
2016
Price N/A

Zoning & alternative use

BI · Milford, MI

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
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