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1181 N Milford Road

Milford Vlg, MI 48381
  • $1,425,000
  • STATUS: Active
  • ON SITE: 161 Days
  • ID#: 20230047089
UPDATED: 186 min ago
$1,425,000
  • 0
    BEDS
  • 0.83
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,573
    SQFT
  • $166
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1990
County:
Area:
Zoning:
Commercial,Office
Lot Size Dimensions:
197 X 253 x 211 x 311

School Ratings & Info

School District:

Description

Excellent investment opportunity with this beautiful 8,573 sq ft building with fantastic curb appeal & park-like setting. Maximum exposure & monument signage on Milford Rd just minutes from downtown Milford. The entire lower floor is occupied by a DMC OB/GYN office with a new 5 year lease in place (expiring 5/2028). Along with this new lease, the DMC made a $150k investment promise to renovate their space (building owner will have final say & plan approval & should be soon). The upper floor is 25% occupied with a new 5 year NNN lease for $1295/mo (ramps up to $1595/mo in years 4 & 5)Land Contract terms are negotiable. Other 3 lease spaces are currently advertised on the MLS. Much more potential for additional income.This building is very well-maintained with many updates...new parking lot in July 2023, newer furnaces and A/C units, new LED lights in parking lot as well as throughout building. Add this building to your portfolio with pride!

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IDX provided courtesy of Realcomp II Ltd. via Alan Brown Group and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Alan Brown Group are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-02-29T23:59:44.623.
www.alanbrowngroup.com/homes/143618269
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1181 N Milford Road Milford Vlg, MI 48381

  • Price: $1,425,000
  • Status: Active
  • On Site: 161 Days
  • Updated: 186 min ago
  • ID#: 20230047089
0
Beds
0
Baths
0
½ Baths
0.83
Acres
8,573
SQFT
$166
$/SQFT
1990
Built
Neighborhood:
Milford Vlg
County:
Oakland
Area:
Milford Vlg
School District:
HURON VALLEY
Property Description
Excellent investment opportunity with this beautiful 8,573 sq ft building with fantastic curb appeal & park-like setting. Maximum exposure & monument signage on Milford Rd just minutes from downtown Milford. The entire lower floor is occupied by a DMC OB/GYN office with a new 5 year lease in place (expiring 5/2028). Along with this new lease, the DMC made a $150k investment promise to renovate their space (building owner will have final say & plan approval & should be soon). The upper floor is 25% occupied with a new 5 year NNN lease for $1295/mo (ramps up to $1595/mo in years 4 & 5)Land Contract terms are negotiable. Other 3 lease spaces are currently advertised on the MLS. Much more potential for additional income.This building is very well-maintained with many updates...new parking lot in July 2023, newer furnaces and A/C units, new LED lights in parking lot as well as throughout building. Add this building to your portfolio with pride!
Exterior Features

Architecture Level 2 Story Commercial Exterior Features Outside Lighting Construction Materials Brick Foundation Details Basement Foundation Materials Poured Lot Size Dimensions 197 X 253 x 211 x 311 Road Frontage Feet 197 Road Frontage Type Paved Roof Material Asphalt Side Of Street W Waterfront YN No

Interior Features

Building Area Source Public Records Commercial Utilities ElevatorEmployee Lunch/LoungeIntercommSecurity AlarmSmoke Alarm Heating Cooling Forced Air Office Heating Cooling Central Air Sq Ft Main 8573 Unit Four Bed Number Of 0 Water Heater Fuel Natural Gas

Property Features

Assessment 0.00 Buildings List Shed Business Type ServiceMedical Commercial Type Real Estate Only Deposit Amount 700000.00 Existing Lease YN Yes Gross Scheduled Income 111540.00 Inventory Included YN No Land Contract YN Yes Land Interest Rate 7.5 Land Payment 5000 Land Terms 36 Listing Financing CashContractConventional Net Operating Income 71918.00 Operating Expense 39622.00 Ownership Status Short Sale - NoPrivate Owned Percent Leased 60 Possession At Close Postal City Milford Protection Period 12 months Settlement Village Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 18230.0000 Tax Amount Winter 4286.0000 Title Standard (Private) Total Tax 22516.0000 Unparsed Address 1181 N MILFORD Road Water Source Public (Municipal) Zoning CommercialOffice

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Wilhelm & Associates: (248) 625-9500 and Realcomp, ©2024 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Alan Brown Group and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Alan Brown Group are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-02-29T23:59:44.623.
 
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