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640 N Milford Rd Milford, MI 48381

Retail space Google Maps
9,891 SF 1.13 ac lot Built 1999
Individually Owned Free & Clear
Estimated value (blended)
$2.38M
Range $2.14M – $2.61M (±10%)
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

Current use

Occupant on record · Public records
  • Pharmacy
  • Physician
  • Bank Credit Union
  • Pharmacy
  • (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

since 2026
3 recorded transactions
2026
$1.0M
2006
Price N/A
2005
Price N/A

Zoning & alternative use

BI · Milford, MI
Top alternative use upside
Commercial (general) $1.7M +4.4%
Restaurant $1.7M +2.6%

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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Ask anything about this address in plain English.
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More about this property
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