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Property profile & analytics
OFF-MARKET Estimated value $2,375,000
Retail space

640 Milford Rd Milford, MI 48381-1534

9,891 SF 1.13 ac lot Built 1999
Individually Owned Free & Clear
Property ID
US43-1619776
Property summary
AI-generated overview

This exceptional 11,800-square-foot medical office building is situated on 1.12 acres in the heart of downtown Milford, Michigan. Built in 2000, the single-story structure boasts 47 parking spaces, ensuring convenient access for patients and staff. The property is currently vacant, presenting a unique opportunity for a single tenant to establish a prominent presence in this thriving community. Located at 640 N Milford Road, near Summit Street, the building enjoys high visibility and accessibility, benefiting from its location in the bustling north end of downtown Milford. The B3 zoning allows for a variety of medical uses. The property features a single tenancy and offers a substantial footprint for a medical practice or related business. With its ample parking, prime location, and significant square footage, this property is an ideal investment for those seeking a high-impact presence in a desirable Michigan market. The Oakland County location, with APN 16-10-229-015, provides further assurance of a stable and sought-after address. The building's single-story design and substantial parking make it highly functional and attractive to a wide range of medical tenants. This is a rare opportunity to acquire a fully vacant, well-located medical office building in a vibrant downtown setting. The zip code is 48381.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1999
Total area 9,891 SF
Lot 1.13 ac (49,223 SF)
Zoning code BI
APN LM-16-10-229-015
UPID US43-1619776
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
Current use
Occupant on record · Public records
  • Rite Aid Pharmacy
  • higi Physician
  • Western Union Bank Credit Union
  • Edward I. Betel, RPh Pharmacy
  • Rite Aid Photo (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.60M
Blend (final) Blend
$2.38M
Owner & transaction history
Beauchamp Jerrad
Beauchamp Jerrad
since 2026
3 recorded transactions
2026
$1.0M
2006
Price N/A
2005
Price N/A
Zoning & alternative use
BI · Milford, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.7M +4.4%
Restaurant $1.7M +2.6%
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