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    Property profile & analytics

    304 Commerce St Milford, MI 48381-1891

    • Office buildings
    • 2,758 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-1698329
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Heinsight Eyecare / Eye Care Center / Optician
    • Dr. Marla Hayden / Optometrist / Practitioner Service Location

    Property Details for 304 Commerce St

    Year built
    1890
    Lot size
    0.40 lot acres
    Property size
    2,758 SF
    Zone code
    BI
    Property type
    Office buildings
    APN
    LM-16-10-227-007
    APU
    LM1610227007

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.603
    Latitude
    42.5919
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,937
    $0.00
    $0.00
    $157,410
    -
    $0.00
    $0.00
    $314,820

    Comparable in this City

    • Value Estimation by Request
      1,127 SF

      545 Main St Ste, Unit 202

      OFFICE BUILDING • 1,127 SF
      545 Main St Ste, Milford, MI 48381-5110
      View Details
    • Value Estimation by Request
      3,419 SF

      206 Commerce St

      OFFICE BUILDING • 3,419 SF
      206 Commerce St, Milford, MI 48381-1918
      View Details
    • Value Estimation by Request
      5,479 SF

      4900 Mccarthy Dr

      OFFICE BUILDING • 5,479 SF
      4900 Mccarthy Dr, Milford, MI 48381-3945
      View Details
    • Value Estimation by Request
      814 SF

      1550 Milford Rd

      OFFICE BUILDING • 814 SF
      1550 Milford Rd, Milford, MI 48381-1058
      View Details
    • Value Estimation by Request
      2,540 SF

      320 Un St

      OFFICE BUILDING • 2,540 SF
      320 Un St, Milford, MI 48381-1993
      View Details
    • Value Estimation
      $1,035,000
      8,573 SF

      1181 Milford Rd

      OFFICE BUILDING • 8,573 SF
      1181 Milford Rd, Milford, MI 48381-1061
      View Details

    Similar Nearby for Sale

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      Mixed-Use Investment in Downtown Milford

      Mixed-use property with office space and residential units.
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      Medical/Dental/Office Building in Milford

      Medical/dental/office building for sale in Milford, Michigan.
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    • $1,075,000

      Updated Milford Office Investment Opportunity

      Class A office suite with long-term tenant in Milford.
      1050 Corporate Office Dr, Milford, MI 48381
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    • $700,000
      1.71 Acres

      Prime Milford Road Commercial Land

      1.71 Acres, Mixed-Use Potential
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      Office Condo with Storage Suite

      Office condo with storage suite available for sale.
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    Similar Nearby for Lease

    • $24 SF/Yr
      11,800 SF

      Downtown Milford Medical Office

      11,800 SF Medical Office, Ample Parking
      640 Milford Rd, Milford, MI 48381
      View Details
    • $18 SF/Yr
      16,325 SF

      Milford Medical Office Suites Available

      Modern medical office space, flexible suites.
      1100 Corporate Office Dr, Milford, MI 48381
      View Details
    • $14 SF/Yr
      8,573 SF

      Milford Office & Medical Suites

      Versatile office and medical suites for lease in Milford, MI.
      1181 N Milford Rd, Milford, MI 48381
      View Details
    • $21 SF/Yr
      3,500 SF

      Milford Medical Office Building

      Modern medical office, fully vacant, 3,500 sq ft.
      1050 Corporate Office Dr, Milford Charter Township, MI 48381
      View Details
    • $8 SF/Yr
      15,000 SF

      Industrial Space with Crane Access

      Remodeled industrial space featuring cranes, high ceilings, and outside storage.
      2175 Fyke Dr, Milford, MI 48381
      View Details
    • $11 SF/Yr
      6,300 SF

      Contractor Building with Outdoor Storage

      6,300 sq ft contractor building with outdoor storage.
      4844 Old Plank Rd, Milford, MI 48381
      View Details
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    304 Commerce St
    Milford, MI 48381-1891
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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