Property summary
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
VerifiedCap rate & NOI
Current use
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Pharmacy
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Physician
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Bank Credit Union
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Pharmacy
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(Bike/Boat/Book/etc) Store
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Milford market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
BI · Milford, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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