Commercial Corner in Downtown Milford

Retail-Commercial for Sale
Catylist Listing ID: 30184693
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Vehicle Related
Building Size (RSF): 5,225 SF
Gross Land Area: 0.87 Acres
Sale Price: $950,000
Unit Price: $181.82 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/12/2018

Overview / Comments

Corner commercial building and lots in downtown Milford. Long time car dealer was located at the site. Mixed use & multiple stories possible. Property is in Milford's DDA overlay district . Surface parking & great visibility on Milford's Southern Gateway!

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Central I-96 Corridor
Tax ID/APN: 1611301005,006,007,008,009
Retail Clientele: Business
Property Located Between: GM road & Liberty Street on East side.
Property Visibility: Excellent
Largest Nearby Street: General Motors Road
Feet of Frontage: 286
Highway Access: I-96-5 Miles M-59-6 Miles
Airports: 20 Miles
Site Description: Corner lots with 286 Ft of Main St frontage and surface parking. One story building.Fenced storage yard.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,225 SF
Property Condition: Average
Year Built: 1930
Roof Type: Flat
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas, Suspended Radiant Heaters, Other
Heat Source: Central, Radiant
Internet Access: Cable
Zoning Description: Commercial B-3
Lot Frontage: 286
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee Simple
Legal Description: 16-11-301-005,006,007,008,009

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,175 23,042 60,440
Median Age: 40.75 41.44 39.39
Households: 2,589 8,663 23,205
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